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Double Whammy The publicly owned agency companies, except for a couple of the Brits, have reported their financial results for the first half of 1998; profits are abundant. Results for the second quarter at Interpublic and Omnicom, which are the industry’s stock-market standard bearers, showed profits per share up 20 percent and 25 percent, respectively. Is that good? Did your income go up 20 percent since June 1997? Investors are impressed. Stocks in the group pretty much withstood (or recovered from) the market’s recent downturns, a sign of strength.
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