News and financial information provider Reuters said its 2007 trading profit rose to €385 million (€772.8 million) and that 2008 had started well.
Underlying revenue growth in the first quarter is expected to be around 9 per cent, it added. Revenue for the year to end-December rose 7 per cent on an underlying basis to £2.605 billion.
Reuters said in an update on February 29th that its 2007 earnings before interest and tax - or trading profit - would be no less than £380 million.
The company said the figure was up 43 per cent on underlying basis and 25 per cent higher compared with a trading profit in 2006 of £308 million.
Canadian electronic publisher Thomson is taking over Reuters in a deal due to complete on April 17th.
Reuters Chief Executive Tom Glocer, who will head the combined business, said the company's performance benefited from its relatively limited exposure to areas in investment banks like asset-backed, leveraged loans and fixed-income trading desks.