Thomson Reuters annual net profit down 35 percent.


Red edge: Negative, Pink edge: NotPositive
Light green edge: NotNegative, Green edge: Positive

1Thomson Reuters annual net profit down 35 percent .
2British-Canadian financial news agency Thomson Reuters said Wednesday that net profit declined 68 percent in the fourth quarter and by more than 35 percent for the year .
3The company reported a fourth-quarter net profit of 177 million dollars and a full year net profit of 844 million dollars .
4Revenue declined one percent in the fourth quarter to 3.36 billion dollars and increased 11 percent for the year to 12.99 billion dollars .
5Chief executive Thomas Glocer praised the company 's `` resilient performance '' and said he expects stronger earnings in the coming year .
6`` Despite the worst global operating environment any of us has faced , Thomson Reuters was able to hold or improve on our prior-year results , with revenues comparable to 2008 and underlying operating margin and free cash flow up on the prior year , '' he said .
7`` I am also pleased that our net sales performance improved significantly through the year , with the fourth quarter recording positive net sales for the company as a whole , '' he said , hailing the `` strong start in sales '' that the company has posted so far in 2010 .