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NEW YORK Interpublic Group today reported net income of nearly $47 million for the second quarter, up from $3.5 million in the same period a year ago.
IPG attributed the gain to declining expenses, particularly professional fees, which totaled $48.6 million, down from $68 million in the same quarter last year. The No. 3 holding company also lowered costs by selling non-core business units.
The income boost was achieved despite a 5 percent revenue decline to $1.53
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