IPG '97 net climbs 16.5%

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Interpublic Group of Cos., New York, posted net income of $239.1 million for the year ended Dec. 31, up 16.5% from $205.2 million in 1996. Interpublic's agency network (McCann-Erickson WorldGroup, Ammirati Puris Lintas, The Lowe Group, Draft Worldwide) gained $1.2 billion in net new business during 1997, up 8% over the $1.1 billion net new business in 1996. Gross income for the year was in excess of $3.1 billion, a 23.2% increase; gross income from domestic operations rose 38.9% in 1997; gross income from international operations increased 11.9% (20.4% if the negative impact of currency fluctuations were excluded).

Copyright February 1998, Crain Communications Inc.

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