Grey reports 15% Q3 profit gain

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Grey Advertising, New York, reported net income climbed 15% to $5.8 million in its third quarter from $5.0 million the previous year. For nine months, net income was $18.08 million, compared to $18.12 million a year ago. Gross billings for the third quarter rose to $1.4 billion from $1.2 billion a year ago. For nine months, billings reached $3.98 billion from $3.61 billion for the same period in 1996.

Copyright November 1997, Crain Communications Inc.

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