Omnicom Group has reported a 7.5 per cent increase in revenues for the fourth quarter of last year. Pre-tax profits for the year ending December 31, 2002 increased ten per cent to &£408m. Revenues for the same period increased 9.4 per cent to &£4.8bn. In contrast, WPP has reported a 19 per cent decline in pre-tax profits to &£4.6m (before goodwill) for the year ending December 31. Revenues were down three per cent to &£3.9bn.