Reuters Announces Favorable Financial Results For 1989


Glen Renfrew, managing director and chief executive of Reuters Holdings PLC, paints a rosy picture for the firm with the release of the 1989 preliminary financial results. Despite a depressed Wall Street, continued strong revenue growth in core products for the financial community helped to boost earnings per share by 36%, he told members of the press in London on Feb. 13.

Profit after tax was $291.6 million, a 35% increase over $216 million in 1988. Earnings per American Depository Share wer

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