NEWS IN BRIEF: The Interpublic Group posts after-tax profit

NEW YORK: The Interpublic Group posted an after-tax profit of $66.7 million for the first quarter of 2002, compared to a $28.7 million loss in the same period of 2001. The jump in profits came despite a 15% decline in revenue to $1.4 billion from $1.6 billion in same quarter a year ago. The company said it was able to achieve profitability in the first quarter through cost cutting. Interpublic owns both Weber Shandwick Worldwide and Golin/Harris International.

NEW YORK: The Interpublic Group posted an after-tax profit of $66.7 million for the first quarter of 2002, compared to a $28.7 million loss in the same period of 2001. The jump in profits came despite a 15% decline in revenue to $1.4 billion from $1.6 billion in same quarter a year ago. The company said it was able to achieve profitability in the first quarter through cost cutting. Interpublic owns both Weber Shandwick Worldwide and Golin/Harris International.

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