The Western Union Company has posted a net income of $221m, or $0.33 per diluted share, for the second quarter ended June 30, 2010, compared to $220.2m, or $0.31 per diluted share, for the same quarter of 2009.
Total revenues for the second quarter of 2010 increased 2% to $1.27bn from $1.25bn in the corresponding quarter of 2009.
Net income for the first half of 2010 was $428.9m, or $0.63 per diluted share, compared to $444.1m, or $0.63 per diluted share, for the same half of 2009. Total revenues for the first six months of 2010 increased 2% to $2.51bn from $2.45bn reported for the same period of 2009.
Christina Gold, president and CEO of Western Union, said: “The increased momentum we experienced in the first quarter has continued into the second, as each of our regions contributed to solid transaction growth. As I enter my last few weeks with Western Union I believe the foundation is solid, with a strong brand, an unmatched global network, and an energized management team.
“We are confident the strategies of profitable growth in money transfer, rapid development of electronic channels, and expansion of business payments are the right ones to achieve success.”