HRG Quarterly Revenue Drops

Hogg Robinson Group in the June quarter experienced a 12 percent year-over-year drop in revenue, according to a company interim management statement issued today ahead of its annual general meeting. At constant currency, the drop was a less dramatic 8 percent. HRG attributed the fall to a 3 percent decline in transactions and a 7 percent decrease in client spending (4 percent at constant currency).

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