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First quarter 2006 financial results

Apr. 27, 2006

Global marketing activities lead overall billings growth of 6.7% Seoul, April 27 : Cheil Communications Inc., one of the world top 20 advertising and marketing communications agencies, has announced its financial results for the first quarter ended March 31, 2006. Earnings showed substantial growth in the quarter due to the successful execution of international sports marketing activities, the continued recovery in the South Korean advertising market, and the acquisition of new accounts. Total billings for the first quarter rose 6.7% year-on-year to 321.0 billion Korean won. Net income for the quarter increased to 9.9 billion Korean won, up 9.4% from the same quarter last year. Cheil's performance was led by strong overseas billings. Total overseas billings rose 9.0% to 153.3 billion Korean won, boosted by Cheil extensive marketing support for samsung Electronics' role as Official Partner of the Torino 2006 Olympic Winter Games and participation in major trade shows.