Havas Records '07 Income Boost

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BOSTON Havas today reported a 21 percent improvement in operating income to $260 million for 2007 compared to the previous 12 months. Net income for the year improved 80 percent to about $130 million compared to 2006, Havas said.

The strong performance had been expected, given the Paris-based holding company’s disclosure last month that it posted record organic growth in 2007 of more than 7 percent to $2.23 billion in revenue compared to 2006. (And the company closed out last year on an up note, notching nearly 10 percent organic growth in the fourth quarter.)

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