IPG remains upbeat despite $6m losses

Interpublic claimed this week that it was getting its finances under control, despite reporting third-quarter losses of just over $6 million.

This figure is in dramatic contrast to a similar time last year, when the embattled communications giant made a loss of almost $108 million.

These numbers reflect the generally sluggish performances among the global marketing groups. Both Havas and Publicis Groupe have also delivered downbeat third-quarter figures.

IPG's revenue stayed flat, improving by just 1 per cent to $1.45 billion during the period. Revenue for the first nine months of the year was down 1.5 per cent to $4.31 billion, which was compared with a similar period in 2005.

However, Michael Roth, IPG's chairman, said that he was heartened by the figures.

"Our companies are showing they are increasingly competitive," he said. "We believe we are well positioned for improved performance next year, and to achieve our 2008 turnaround goals."

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