The group reported profits up by 2.8%, from £14.2m to £14.6m, in the first half of the year. Turnover increased by 29% to £146.5m, but earnings per share were down 8% to 1.95p.
David Wright, chairman of Incepta, said, "For the second half, the consequences of the terrorist attack on America will have a direct impact and add to our cautiousness, although this will be partly offset by the benefits from the early action we took on our cost base."
The PR division performed strongly, with revenue growing by 29% to £42m, on the back of deals such as the Deutsche Borse IPO.
US financial PR shop Citigate Sard Verbinnen had a record half, but US technology PR firm Citigate Cunningham was feeling the effects of the downturn in this sector, Incepta reported.
The advertising division reported less substantial growth, with revenues up 5% to £18.6m. This was primarily the result of a full first-half contribution from Citigate Italia, acquired in June 2000.
Incepta has also announced the acquisition of another PR brand -- Spain's largest independent PR network, Sanchis Comunicacion Group. In addition to its Spanish operations, Sanchis has a large network in South America, a market many of the international PR firms are looking to break in to.
Incepta shares were trading down this morning, falling by 7.1% from 28p to 26p.
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