Billings rise 18.8% net income up 52.9% Seoul, July 27 : Cheil Communications Inc., one of the world's top 20 advertising and marketing communications agencies, has announced its financial results for the second quarter ended June 30, 2006. Earnings showed outstanding growth in the quarter due to strong overseas billings, the expansion of the Korean advertising market, the acquisition of new accounts and increased marketing spending surrounding the 2006 FIFA World Cup. Total billings for the second quarter rose 18.8% year-on-year to 501.4 billion Korean won. Net income for the quarter surged to 19.7 billion Korean won, up 52.9% from the same Quarter last year.