PR firm sees 6% drop in profits

The managing director of PR firm, The Communications Clinic, Anton Savage yesterday expressed his satisfaction with the firm’s “steady growth”.

Broadcaster Mr Savage was commenting yesterday on the company’s financial results, lodged with the Companies Registration Office, that confirm post tax profits of €131,239 in the 12 months to the end of Mar 31 last year — a 6% drop on the €139,802 post tax profits of the previous year.

The Communications Clinic’s directors include Mr Savage’s parents, Tom Savage — who is the current chair of the RTÉ Authority — and broadcaster and Irish Examiner columnist, Terry Prone.

Mr Savage said: “In terms of revenues and profits, we are about where we want to be. We have had steady growth.”

According to the directors’ report: “The company continues to outperform its targets despite the economic crisis. The directors and management are confident that the company will continue to grow despite market constraints.”

The company’s cash last year increased from €145,606 to €254,766 and Mr Savage said: “We are debt free after repaying the capital invested in the company within two years.

“We’re happy with the growth of the company, but what makes us most happy is that we are doing good work with a good set of clients.”

The company’s shareholder funds increased last year to €384,959 from €253,720.

Last month, it emerged that Health Minister Dr James Reilly paid The Communications Clinic €15,000 last year for advice from a personal ministerial allowance.