True North profits nearly double

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True North Communications, Chicago, saw its net income nearly double to $7.2 million in the first quarter. The 1999 figure included an after-tax gain of $2.3 million from the sale of securities. Revenue increased 5.5% from a year ago, to $303.5 million, mainly due to acquisitions rather than new business, True North said.

Copyright May 1999, Crain Communications Inc.

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