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Sorrell's S4 Capital posts 19.4% rise in like-for-like gross profit

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LONDON (Reuters) - Martin Sorrell's digital ad group S4 Capital reported a 19.4% rise in like-for-like gross profit in 2020, and said the strong growth had continued into 2021, with like-for-like January gross profit well ahead of budget.

The company, which has major contracts with Google, BMW/MINI and Mondelez, said on Thursday that gross profit rose to 295.2 million pounds ($403.8 million). Billings rose 43.4% on a reported level and 19.6% on a like-for-like level to 653.4 million pounds.

($1 = 0.7311 pounds)

(Reporting by Paul Sandle; editing by James Davey)