Reuters Edges Closer to Growth

FRONT PAGE: ORGANIZATION & STRATEGY

Reuters’ 2004 preliminary fiscal results were mixed, with group operating profit up 52 percent but group revenue down by 11 percent.

Group operating profit was £198 million against £130 million in 2003, it was announced last Wednesday, Feb. 16. Group revenues fell by 11 percent to £2.885 billion from £3.235 billion last year.

The sales and trading group saw an increase in positions of the Xtra family, although the group’s underlying revenue fell by four percent. Revenue from the research and

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