Categories: OLD Media Moves

Reuters profit falls in last earning as separate company

Reuters reported Thursday that its 2007 earnings fell in what is likely to be its last earnings release as a separate company before it is acquired by Thomson.

Simon Thiel of Bloomberg wrote, “The number of Reuters’s most expensive terminals in use increased to 124,000 at the end of 2007 from 112,000 a year earlier. The total number of Reuters terminals in use dropped to 332,000 from 342,000.

“Sales excluding acquisitions and currency moves increased in all regions in 2007, the company said. Revenue growth in the Americas was 7 compared with 6 percent in the Europe, Middle East and Africa region. In Asia, sales increased by 9 percent on higher demand in China and India.

“The combined company, to be called Thomson Reuters, will provide full-year guidance with its first-quarter results on May 1, Reuters said today. The acquisition will be completed April 17, after meetings of Thomson shareholders on March 26 in Toronto and Reuters shareholders the same day in London, Reuters said.”