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Maxxcom Parent-to-Be MDC Reports Income Drop in Q2

TORONTO MDC Corp., which is in the process of buying out marketing-services affiliate Maxxcom, said its second-quarter net income plummeted 90 percent to $8.6 million or 53 cents per share. Operating income, before charges, dropped 41 percent to $6 million. Sales dropped 15 percent to $134.8 million. Operating income at Maxxcom, before charges, increased 42 percent to $2 million. Maxxcom revenue dropped 2.4 percent to $101.5 million from the same period last year.

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