Valassis Communications, Livonia, Mich., more than tripled its fourth-quarter net earnings over a year ago, hitting $25.9 million. Revenue was up 5.4% to $199.9 million. The company's flagship free-standing insert division saw FSI revenue rise 0.5% for the quarter and 3.3% for the full year. Valassis also said its test of Save.com Internet coupons was a success, and plans to launch it nationally in second quarter 2000. Yearend Valassis results: net earnings up 61.6% to $114.2 million, revenue up 7.2% to $794.6 million.
Copyright February 2000, Crain Communications Inc.