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Interpublic saw 12% growth to 125min in 1993

1994-03-01 15:03:31
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Interpublic Group of Cos., New York, reported 1993 net income rose 12% to $125.3 million, before accounting changes. The company, parent to McCann-Erickson Worldwide, Lintas and the Lowe Group, said gross income fell 3.2% to $1.79 billion. Interpublic said gross income, which increased 3.8% in the U.S. and internationally dropped 6.5%, was hurt by the strengthening of the U.S. dollar last year. Net income for the fourth quarter rose 8.6% to $50.6 million. Gross income dropped 4.6% to $509.3 million.

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