HOTLINE: Omnicom Group's net income increases

Omnicom Group's net income for the first quarter of 2002 increased 11 per cent to $128.6 million from $115.3 million in the first quarter of 2001. However, UK operations suffered the worst effects of the economic climate with a 6.5 per cent drop in revenue. In contrast, worldwide revenue increased 8 per cent to $1,732.4 million from $1,601.1 million in the first quarter of 2001.

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