Y&R profits jump 23%

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Young & Rubicam, New York, had good news for future parent WPP Group, reporting a 23% increase in net income for the second quarter. Net income hit $37.5 million, as revenue climbed 19.5% over a year ago to $495 million. First-half results: net income up 37.4% to $69.1 million, revenue up 18.2% to $943.3 million.

Copyright July 2000, Crain Communications Inc.

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