Interpublic profits up 45.3%

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Interpublic Group of Cos., New York, reported third-quarter net income rose 45.3% to $45.2 million over restated income for the year-ago period. Gross income rose 17.5% to $861.4 million. For nine months, net income rose 28.4% to $197.4 million on gross income of $2.61 billion, up 16.6%. Net new business for nine months was $1.21 billion, up 10.2% from the same period in 1997.

Copyright October 1998, Crain Communications Inc.

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