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BOSTON French holding company Havas today reported net income of nearly $45 million in 2004, compared to a loss of more than $520 million the previous year, based on the current rate of exchange.
Its full-year operating margin was 13.2 percent, compared to 8.3 percent in 2003, the company said.
On a comparable basis and at constant exchange rates, organic growth improved 2 percent in 2004, peaking in the fourth quarter, which showed a 4.6 percent improvement over 2003.
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