Feb
29
IPG Swings to a Profit for ’07, Continuing Turnaround
Posted in: UncategorizedNEW YORK (Adage.com) — Turnaround efforts at Interpublic Group of Cos. are moving forward, with the holding company swinging to a profit last year, reporting a net income of $131.3 million compared to a net loss of $79.3 million in 2006. Meanwhile, rival holding company WPP Group reported a 5% increase in revenue this year to $12.3 billion. Profit for the holding company was up 7%, with net income at $925.9 million.
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