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Western Union India Revenues Jump

By LIFS May 10, 2008 at 11:41 AM
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Western Union is one company bucking the recession, reporting a 7 percent increase in first-quarter net income thanks to a falling dollar and robust growth in its operations in India and China.

 
The company's revenues for the quarter rose 12 percent to $1.3 billion, including $33 million as a result of favorable exchange rates for the Euro. Although the company's domestic transactions fell 3 percent, international transactions rose 29 percent, including a 52 percent increase in revenues from India and 35 percent from China. 

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Business | Magazine | May 2008

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