IPG Swings to a Profit in 2007

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

NEW YORK Interpublic Group today reported net income of slightly more than $131 million for 2007, a significant upward swing from 2006’s net loss of $79.3 million.

Year-to-year, revenue grew nearly 6 percent to $6.6 billion, IPG said.

The No. 3 holding company also achieved a profit in the fourth quarter, when net income more than tripled to about $163 million, up from $49 million in the same period of 2006. Revenue for the quarter grew 5.6

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in