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Omnicom profits climb 26%

Published on .

Omnicom Group, New York, said its net income hit $70.3 million for the third quarter, up 26% from a year ago. Worldwide revenue from commission and fee income climbed 17% to $1.2 billion--domestic revenue was $608.7 million, up 20%, and international was $602.2 million, up 15%. For the first nine months, net income was up 26% to $243 million and revenue rose 20% to $3.6 billion. Domestic revenue year-to-date was up 19% to $1.83 billion and international was up 20% to $1.8 billion.

Copyright October 1999, Crain Communications Inc.

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