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Havas posts 0.6 per cent revenue rise for first six months of 2004.(Brief Article)
Havas, which has emerged as a possible suitor for Grey Global Group, this week reported a modest return to health after an extended period in the financial doldrums.
The Paris-based communications group, the world's sixth largest, has seen its revenue rise 0.6 per cent for the first half of the year.
However, a speedier recovery has been confounded by the continued below-par performance of its US operations, which saw revenues drop by almost 6 per cent.
Havas' revenue for the first half of the year fell to pounds 517 million, compared with pounds 576 million in 2003. The small growth figure is accounted for by exchange rates and the sale or closure of some Havas-owned companies.
The increase leaves Havas trailing well behind its long-standing France-based rival, ...
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