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INTERPUBLIC GROUP REPORTS RESULTS FOR SECOND QUARTER 1992

 INTERPUBLIC GROUP REPORTS RESULTS FOR SECOND QUARTER 1992
 NEW YORK, July 27 /PRNewswire/ -- Philip H. Geier, Jr., chairman of the board and chief executive officer, reported that The Interpublic Group of Companies, Inc. (NYSE: IPG) had net income of $43,232,000 for the second quarter of 1992, an increase of more than 19 percent from $36,225,000 during the same period in 1991. Earnings per share increased 16 percent to 58 cents from 50 cents in 1991. Gross income increased over 21 percent to $485,325,000 from $399,504,000 during the second quarter of 1991.
 Net income for the six months ended June 30, 1992 increased almost 20 percent to $52,877,000, as compared to $44,127,000 during the same period in 1991. Earnings per share increased more than 16 percent to 71 cents from 61 cents in 1991. Gross income increased over 17 percent to $886,070,000 from $753,286,000 during the same period in 1991.
 The per share results for 1991 have been restated to reflect the two-for-one stock split in June of this year.
 Gross income from United States operations increased 14.3 percent in the second quarter and 17.2 percent in the first six months as compared to the same 1991 periods. Gross income from operations outside the United States increased 24.7 percent in the second quarter of 1992 and 17.8 percent for the first six months of 1992 over the comparable periods of 1991.
 Continuing cost containment efforts kept costs at appropriate levels. Geier noted that the company's financial condition continues to be excellent, with a strong balance sheet and a solid cash position.
 Interpublic's agency systems have achieved net new business during the first six months of 1992 of approximately $444 million of billings, a 21 percent increase of $76 million over the net new business gain of $368 million achieved during the first six months of 1991. This is an indication of continued solid growth.
 The Interpublic Group of Companies is comprised of McCann-Erickson Worldwide, Lintas:Worldwide, Dailey & Associates, the Lowe Group and other related companies.
 THE INTERPUBLIC GROUP OF COMPANIES AND ITS SUBSIDIARIES
 Consolidated Summary of Earnings
 (Unaudited, dollars in thousands except per share data)
 Six months ended June 30: 1992 1991 Percent favorable
 (unfavorable)
 Gross income:
 United States $273,196 $233,095 17.2
 International 612,874 520,191 17.8
 Total $886,070 $753,286 17.6
 Costs and expenses 764,103 650,205 (17.5)
 Interest expense 16,088 15,478 (3.9)
 Income before provision
 for income taxes 105,879 87,603 20.9
 Provision for income taxes 50,768 42,933 (18.3)
 Net equity interests (A) (2,234) (543) N/A
 Net income (B) 52,877 44,127 19.8
 Earnings per common and
 common equivalent share $.71 $.61 16.4
 Average number of shares 74,948,679 72,590,440
 Cash dividends per share $.22 $.20 10.0
 Second quarter: 1992 1991 Pct. favorable
 (unfavorable)
 Gross income:
 United States $140,378 $122,854 14.3
 International 344,947 276,650 24.7
 Total $485,325 $399,504 21.5
 Costs and expenses 392,289 325,224 (20.6)
 Interest expense 8,805 7,975 (10.4)
 Income before provision
 for income taxes 84,231 66,305 27.0
 Provision for income taxes 39,953 29,799 (34.1)
 Net equity interests (A) (1,046) (282) N/A
 Net income (B) 43,232 36,225 19.3
 Earnings per common and
 common equivalent share $.58 $.50 16.0
 Cash dividends per share $.115 $.105 9.5
 (A) -- Net equity interests is the net of equity in income of unconsolidated affiliates less income attributable to minority interests of consolidated subsidiaries.
 (B) -- Includes losses from exchange and translation of foreign currencies for 1992 and 1991, respectively, of $1,388,000 and $2,266,000 for the six months and $1,349,000 and $654,000 for the second quarter
 -0- 7/27/92
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of Interpublic Group of Companies/
 (IPG) CO: Interpublic Group of Companies Inc. ST: New York IN: ADV SU: ERN


LR-TS -- NY016 -- 3378 07/27/92 09:33 EDT
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Date:Jul 27, 1992
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