Reed Elsevier’s Profit Climbs
Anglo-Dutch publisher Reed Elsevier has posted a 1.7% increase in full-year profits. The company, the world’s largest publisher of science journals, said on Thursday, adjusted pre-tax profit was £1.03 billion, up from £1.01 billion a year earlier. Analysts on average expected an adjusted pre-tax profit of £1.02 billion, with estimates ranging from £998 million to £1.05 billion, according to a poll of 16 brokerages by Reuters Research. Turnover slipped to £4.81 billion from £4.93 billion due in part to the weak U.S. dollar, but was up 5% at constant currencies. http://uk.news.yahoo.com/050217/325/fco91.html
BookTrade.info, 2/17/05, Reuters
