Valassis Communications, Livonia, Mich., said net earnings for the second quarter rose 68.6% from a year ago to $28.5 million. Comparable earnings for 1998 included a one-time charge of $3.7 million. Revenue was up 9% to $195 million for the 1999 quarter. Free-standing insert sales rose 7.9% in the quarter to $145.8 million, and are up 7.4% for the first half of the year. First-half results: net earnings up 45.1% to $62.4 million, revenue up 8.5% to $417.2 million.
Copyright July 1999, Crain Communications Inc.