INTERNATIONAL BRIEFS: The Interpublic Group makes post-tax profit

NEW YORK: The Interpublic Group posted a post-tax profit of £40m for the first quarter of 2002, compared to a £20m loss in the same period of 2001. The jump in profits came despite a 15 per cent decline in revenue to £830m from £1bn in the same quarter a year ago. The company said it was able to achieve profitability in the first quarter through cost-cutting.

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