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BOSTON Buoyed by a $12 million-plus capital gain on the disposal of McKinney and continuing a positive trend stretching back more than a year, Havas today reported a 40 percent increase in its first-half net income to approximately $72 million compared to the same period a year ago.
McKinney, an ad shop in Durham, N.C., bought itself back from the Paris-based holding company in June. Havas’ other major holdings are Arnold, Euro RSCG and MPG.
The company today also said its operating margin for the first six months of 2008 was 12 percent, compared to 10.3
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