Bertelsmann double profit to 94m

Written By: Graeme Neill Publication Date: Thu, 12/05/2011 - 09:23 Group profit at Random House parent company Bertelsmann more than doubled to 94m (£81.9m) in its first quarter. For the three months to 31st March, consolidated revenues increased to 3.63bn (£3.16bn) from 3.56bn (£3.10bn). While Bertelsmann did not strip out the sales of individual business wings, including Random House, it said "nearly all divisions contributed to this increase". It also further paid down debt, reducing it from 1.91bn (£1.66bn) to 1.74bn (£1.52bn). read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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