Omnicom boosts profits 27% in 4th quarter

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Omnicom Group, New York, reported fourth-quarter net income of $94.4 million, up 27% from a year ago. Worldwide revenue from commission and fee income increased 34% to $1.2 billion in the period. For full-year 1998, net income climbed 28% to $285.1 million, as revenue spurted 31% to $4.1 billion. Domestic revenue increased 30% to $2.1 billion, while international rose 32% to $2 billion for the holding company that includes BBDO Worldwide, DDB Needham Worldwide and TBWA Worldwide.

Copyright February 1999, Crain Communications Inc.

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