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.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletinsRegister
Already registered?Sign in
Join a growing community of PRWeek comms professionals today
- Read more articles each month
- Sign up for free specialised news bulletins