Grey profits climb 11%

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Grey Global Group, New York, reported an 11% increase in third-quarter net income, over a year ago, to $5.1 million. Income from commissions and fees was up 19% to $302 million, as gross billings for the quarter climbed 15% to $2 billion. Year to date: net income of $16 million vs. a net loss of $2 million a year ago; income from commissions and fees up 19% to $897 million; gross billings up 19% to $6 billion.

Copyright November 2000, Crain Communications Inc.

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