April 26, 2018 / 11:39 AM / a year ago

Oil price agency Platts posts lower adjusted operating profit

April 26 (Reuters) - Oil price agency Platts, a unit of S&P Global Inc, posted a 4 percent decline in first-quarter adjusted operating profit on Thursday, hurt by lower trading volumes.

Revenue at Platts, however, increased 3 percent to $196 million in the quarter ended March 31, helped by growth its core subscription business.

Revenue growth was partially offset by a decline in its Global Trading Services business as reduced volatility in key commodity products led to lower trading volumes.

Adjusted operating profit fell to $95 million from $98 million a year ago. (Reporting by Radhika Rukmangadhan in Bengaluru Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below