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NEW YORK — Aegis Group, the UK-based media holding company, has signaled a recovery in the ailing advertising market , saying its full-year results would be “significantly better” than 2001.
The company said there were clear signs of a recovery in the U.S., while trading in Europe and Asia Pacific had been in line with expectations.
“The results for the full year … are expected to be significantly better than 2001, although pre-tax profits will be held back by a somewhat higher level of restructuring and other exceptional costs than was expected in September,” the company said in a statement.
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