Thomson Reuters, the media group and financial data provider, has reported a 54% decline in profits in its first set of results as a merged entity, as heavy integration costs offset steady sales growth.
The New York-based company, created in April through Thomson's $15.9bn (â¬10.7bn) acquisition of London-based Reuters, said revenues rose 73% to $3.1bn in the three months to June 30, largely as a result of the Reuters acquisition.
