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BOSTON Havas today reported a sharp decline in after-tax net income to approximately $61 million in 2006, a nearly 23 percent drop compared to the previous year.
The Paris-based holding company attributed the falloff mainly to a heightened income tax burden. In pre-tax terms, the income performance was essentially flat.
Operating income tumbled less than 5 percent to $162 million in 2006 compared to the previous 12-month period, according to Havas.
All numbers are based on current rates of exchange.
The
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