Grey Global Posts First Quarter Increases

Grey Global Group Inc. reported net income of $6.3 million for the first quarter, up from $5.1 million last year.

The advertising giant reported revenue of $343.9 million, up 15.5% from $297.7 million last year.

The New York-based firm attributed its revenue growth to improvement in its international operations reflecting, in part, the impact of a weaker dollar.