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BOSTON Havas on Thursday reported a 52 percent increase in first-half net income to approximately $42 million on a 6.5 percent dip in revenue to $870 million, compared to the first six months of 2004.
The profit increase had been expected, and was attributed to an overall reduction in operating expenses achieved by the December 2004 repurchase of bonds following a rights issue last October.
Havas’ profit margin improved slightly during the period to 10.8 percent from 10.6
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