Reuters H1 Revenue Up, Raises Dividend

28 July 2006

LONDON: Reuters Group this week posted a 12% rise in first-half revenue and raised its dividend for the first time in five years.

Gross income rose 12% to £1.28 billion ($2.36bn; €1.87bn), with organic revenue growth - stripping out acquisitions, disposals and currency fluctuations - of 5% .

Trading profit - or operating profit from continuing operations before restructuring charges and acquisitions - was flat at £156 million for the period ended June 30.

The media and business information group also announced it would begin to raise its dividend for the first time in five years, to reflect the "transition from recovery to growth."