Friday, June 22, 2007

UPDATE 1-Visa details restructuring, results ahead of IPO

(Reuters) - San Francisco-based Visa also disclosed financial results
for the publicly traded entity to be known as Visa Inc., which
will combines Visa USA, Visa International and Visa Canada.




Visa Inc. posted net income of $525.9 million, or 68 cents
per share, on operating revenue of $2.36 billion for the six
months ended March 31, according to a U.S. Securities and
Exchange Commission filing. Visa USA accounted for more than
two-thirds of profit and revenue, the company said.


Read more at Reuters.com Market News

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