Ad firm Omnicom raises profit on domestic rebound

Newswire

NEW YORK, Feb 25 (Reuters) - Omnicom Group , the world's third-largest advertising company, reported a higher quarterly profit on Tuesday after a rebound in the domestic market. The company, whose ad agencies include BBDO and TWBA, said fourth-quarter earnings reached $201.5 million, or $1.08 a share, up from $164.1 million, or 87 cents a share last year. From January last year, the company has ceased recording goodwill amortisation in compliance with accounting rules. Taking that ...

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