Financial news and information agency Thomson Reuters has reported an eight per cent fall in its net profit, to $290m, and a two per cent fall in its revenue to $3.2bn in the second quarter of this year.

The company also reported a 17 per cent fall in the underlying operating profit to $655m and an 11 per cent decline in the underlying cash flow to $751m.

Particularly, revenue from Thomson Reuters' media segment was down by 4 per cent to $79m.

2The company attributed the lower-than-expected quarterly results to its investment in new products for traders, and the lingering effects of subscription cancellations last year.

However, Thomson Reuters chief executive Thomas Glocer said in a statement that the company expected growth to resume in the third quarter, backed by strong subscription sales and its decision to maintain their current investment in innovation and new product platforms in 2010.