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S&P parent McGraw Hill's profit rises 17 pct
July 29, 2014 / 11:22 AM / 3 years ago

S&P parent McGraw Hill's profit rises 17 pct

July 28 (Reuters) - McGraw Hill Financial Inc reported a 17 percent rise in quarterly profit, driven by growth in its ratings services due to an increase in bond issuances.

Net income attributable to common shareholders rose to $292 million, or $1.06 per share, for the first quarter ended June 30, from $250 million, or 90 cents, a year earlier.

Revenue rose 7.7 percent to $1.35 billion. (Reporting by Amrutha Gayathri in Bangalore; Editing by Simon Jennings)

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