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Havas, Publicis profits climb

Published on .

French ad giants Havas Advertising and Publicis both reported strong double-digit gains in the first half of 1999. Paris-based Havas said its net income soared 30.3% in the period to $39.08 million. Gross income of $565.6 million was up 26.8% from the same period last year. Billings also climbed 26.8%, to $3.77 billion. Publicis' consolidated net income was up 37% to $35.68 million on 17% higher revenue of $516.2 million. Billings increased 20% to $3.34 billion in the first half. Both companies predicted continued strong performance in the second half.

Copyright September 1999, Crain Communications Inc.

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