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Y&R posts 20.6% boost in profits

Published on .

Young & Rubicam, New York, reported fourth-quarter net income of $34.4 million, up 20.6% over a year ago. Revenue climbed 14.9% to $490.5 million. Net new billings exceeded $400 million for the quarter and reached $1.2 billion for all of 1999. Yearend results: net income up 22.8% to $116.1 million, revenue up 12.8% to $1.72 billion.

Copyright February 2000, Crain Communications Inc.

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