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Profits at Interpublic Group declined in the both the second quarter and first half of 2013, despite revenue growth. The company blamed costs associated with new-business efforts and softness in continental Europe, particularly in June.
Second-quarter revenue grew more than 2 percent to $1.76 billion, with U.S. operations leading the way (up more than 3 percent on an organic basis), Interpublic reported today. International organic revenue for the quarter, however, was flat.
Net income for the period declined 19 percent to $79.9
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