Grey Global Group Reports Income Growth

NEW YORK — For the first quarter of 2001, Grey Global Group’s net income was $4.3 million for the three month period ending March 31, 2002. Last year, during that same time frame, net income was $245,000, a Grey representative said.

The company cited challenging business conditions that negatively impacted some of its individual companies, while Grey’s focus on cost containment helped boost its net income compared to the prior year’s performance.