NEWS IN BRIEF: Omnicom results show income climb

NEW YORK: Omnicom Group's Q1 results show that net income climbed to $128.6 million from $95.3 million during the same quarter in 2001. It had a 31% jump in diluted earnings per share in the first quarter of 2002, as diluted EPS during the period rose to dollars .68 compared to the dollars .52 per share the firm recorded in the year-ago period. Omnicom is no longer recording goodwill amortization due to new accounting rules. The 2001 results were originally stated under the old rules, and were reported last year as $115.3 million, or dollars .62 per share. Omnicom is the parent company of Fleishman-Hillard, Ketchum, Porter Novelli, and Brodeur Worldwide.

NEW YORK: Omnicom Group's Q1 results show that net income climbed to $128.6 million from $95.3 million during the same quarter in 2001. It had a 31% jump in diluted earnings per share in the first quarter of 2002, as diluted EPS during the period rose to dollars .68 compared to the dollars .52 per share the firm recorded in the year-ago period. Omnicom is no longer recording goodwill amortization due to new accounting rules. The 2001 results were originally stated under the old rules, and were reported last year as $115.3 million, or dollars .62 per share. Omnicom is the parent company of Fleishman-Hillard, Ketchum, Porter Novelli, and Brodeur Worldwide.

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