The Thomson Corporation says it has seen an increase in profits during the second quarter, marking a 7% jump in revenue to $2.10 billion. The company reported a 6% increase in organic growth and a 15% leap in operating profits. Thomson also declared a $0.22 per common share quarterly dividend.
“We are pleased to report strong results for the second quarter. Our performance reflects our continued ability to execute against our three strategic priorities – driving organic growth as well as business and portfolio optimization. Notably, Thomson achieved another solid quarter of organic growth, up 6% over the prior-year period, with each market group contributing to the increase. Further, Thomson continued to translate revenues into profits, growing operating profit margin 100 basis points over the second quarter of last year,” says Richard Harrington, Thomson president and chief executive officer.