Grey Posts 16 Percent Revenue Gain

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NEW YORK Grey Global Group on Wednesday reported its revenue for the first quarter improved 16 percent to $344 million from the same period a year ago. Revenue at its North American operations rose by 10 percent for the first quarter, according to the company.

Net income for the quarter improved nearly 24 percent to $6.3 million, compared with the same period a year ago, the company said. Basic and diluted earnings per common share for the three months of 2004 were $4.64

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