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Omnicom Posts Higher Quarterly Profit

Omnicom Group, the world's largest advertising holding company, on Tuesday said quarterly profit rose with higher client spending on marketing campaigns. Omnicom, home to such agencies as BBDO Worldwide and TBWA Worldwide, said second-quarter profit grew nearly 10 percent to $225.8 million, or $1.24 per share, from $206.1 million, or $1.10 per share, a year earlier.

Read the whole story at Reuters, July 26, 2005 »

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