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BOSTON Buoyed by new business and acquisitions, WPP Group posted a 30 percent gain in first-half pre-tax profit to nearly $540 million on a 15 percent revenue spike to approximately $5.4 billion, compared to the first six months of 2005.
Excluding currency fluctuations, first-half revenue rose 13 percent. On an organic basis, excluding fluctuations and the impact of acquisitions, revenue was up 5 percent.
The London-based company said it added more than $4 billion in new business during the first half, while its March 2005 acquisition of Grey Global Group helped boost its numbers for the first six months of this year.
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