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NEW YORK Grey Global Group, boosted by a10.5 percent increase in revenue, posted a profit of $9.5 million, or $6.27 a diluted share, in the fourth quarter compared to a loss of $28.6 million, or $21.88 a share in the year-ago period.
For the year, Grey reported net income of $18.3 million up from a loss of $24.4 million a year earlier. In 2001, Grey took a non-cash charge of $32.2 million in the fourth quarter related to a write-down of Internet investments and other charges against earnings.
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