Grey Posts Quarterly Gains

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NEW YORK Grey Global Group said its net income rose 18.6 percent to $5.1 million in the first quarter on a 4.2 percent increase in revenue to $297.6 million, compared to the same period a year ago.

Diluted earnings per shares climbed 6.8 percent to $3.12 a share compared to $2.92 a share.

First-quarter revenue was “favorably impacted by the strengthening of European currencies coupled with modest growth in North America” the company said in a statement.



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