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India Growth Boosts Western Union

By November 12, 2008 at 11:14 AM
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Strong growth in India, the Middle East, and Philippines fueled money transfer agent Western Union's profits, despite declines in its U.S. revenues.

 
The company's profit rose 11 percent in the third quarter to $240.8 million from $216.3 million a year ago. Revenue rose 10 percent to $1.38 billion, from $1.26 billion last year.

Transactions that originated outside the U.S. posted revenue growth of 21 percent, the company said, while U.S. revenues declined 3 percent. 

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Business | Magazine | November 2008

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