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Havas returned to profitability in 2004, reporting net income of $45 million compared to a loss of $520.1 million in the year-earlier period.
Organic growth for the year rose 2 percent, including a 4.6 percent hike in the fourth quarter—Havas’ strongest quarterly growth since Q1, 2001. The French holding company also increased its operating margin to 13.2 percent, compared to 8.3 percent in 2003. Those margins rose to 14.2 percent in the second half, compared to 8.4
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