Reuters 1993 Profits Rise 15 Per Cent As Transaction Products Show Gains
TECHNOLOGY
Reuters Holdings earned 25 per cent more from its Monitor Dealing, Dealing 2000 and Globex products in 1993 than the previous year, according to its annual results announcement last week.
Transaction revenues (without the Instinet equity matching service), the fastest-growing portion of Reuters' earnings, rose from £219 million in 1992 to £274 million this year (FX Week, February 15). Reuters' overall pre-tax profits were up 15 per cent to £440 million in 1993 on revenues of £1.87 billion. The
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