Rationalization Helps Boost Reuters'1988 Profit; Cancellations Are High, But New Orders Are Higher


Regional and product diversification helped Reuters Holdings PLC boost earnings per share by 23.3% in 1988 despite problems in the world financial markets. Although the EPS increase was shy of management's internal target of 25%, no one was complaining when results were announced Feb. 14 in London and Feb. 15 in New York. Profit after tax but before extraordinary item was $242.8 million, up 22.4% from $198.4 million in 1987. Earnings per American Depositary Share were $1.74, compared with $1

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