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NEW YORK–Interpublic Group on Tuesday restated revenue back to 1997, following an investigation into internal accounting imbalances at two of its units in Europe. The restatement amounted to $68.5 million, according to IPG.
After the restatement, IPG reported worldwide revenue of $1.6 billion for the second quarter, down 8 percent from the same period last year.
For the first half, worldwide revenue slid 12 percent, to just over $3 billion, compared to $3.4 billion in the same period last year.
IPG
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