Interpublic earnings up

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New York -- The Interpublic Group of Cos. reported first-quarter net income of $44.8 million, up 18.7% from $37.7 million a year earlier. On a diluted basis, earnings per share were 32 cents, up from 27 cents. Interpublic's agency systems gained net new business during the first three months of 1999 of about $600.9 million of billings, compared with $523.3 million a year earlier. The Interpublic Group of Cos. comprises McCann-Erickson WorldGroup, Ammirati Puris Lintas, The Lowe Group, Western Initiative Media Worldwide, DraftWorldwide, Allied Communications Group, Octagon, International Public Relations, and other related companies.
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