Havas' First-Half Revenue Creeps Ahead

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BOSTON French holding company Havas, a possible suitor for Grey Global Group, today said its revenue for the first half of 2004 was approximately $900 million, based on the current rate of exchange. That represents a drop of 6 percent at constant exchange rates and a fall of more than 10 percent on an unadjusted basis, compared to the same period last year.

Organic growth during the first half of 2004 was less than 1 percent, Havas said.

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