Omnicom profits up despite ad downturn

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New York--Omnicom Group Inc. reported a profit gain in the third quarter, despite the weak advertising economy. The global ad agency posted a profit of $92.4 million, or 50 cents a share, compared with $85.7 million, or 48 cents a share, for the third quarter last year. Revenues for the period were $1.57 billion, up 8% over revenues of $1.45 billion for the same period last year. Omnicom said new business, including additional accounts from PepsiCo Inc., contributed to the gain.
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