Western Union profit falls 4 pct as costs rise

Thu May 1, 2014 4:08pm EDT

May 1 (Reuters) - Western Union Co, the world's largest money-transfer company, reported a 4 percent fall in first-quarter profit, hurt by a rise in costs.

Net income fell to $203 million, or 37 cents per share, in the quarter ended March 31, from $212 million, or 37 cents per share, a year earlier.

Total expenses rose 5 percent to $1.08 billion.

Revenue rose 2 percent to $1.35 billion.

(Reporting By Neha Dimri in Bangalore; Editing by Savio D'Souza)

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