Publicis' 1999 profits skyrocket by 42%

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Publicis, Paris, saw its pre-tax net income soar 42% to $79.8 million in 1999, as revenue climbed 23% to $1 billion. Total billings rose 25% to $6.6 billion. Looking ahead to 2000, the agency group--which this year has acquired DeWitt Media, New York; Fallon McElligott, Minneapolis; and Frankel, Chicago - said it will "actively continue its development in the U.S.,'' and expects overall growth to continue topping 20%. Publicis' ambition is to become a truly competitive network globally, and noted that it currently operates in 76 countries.

Copyright March 2000, Crain Communications Inc.

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