Reed Elsevier declines by 1%

Written By: Graeme Neill Publication Date: Thu, 17/02/2011 - 09:32 Adjusted operating profit at Reed Elsevier declined by 1% to £1.56bn in 2010 as the publisher spoke of "encouraging" prospects for the year ahead. Revenue was flat at £6.06bn across the whole company, although at Elsevier, sales grew by 2% to £2.02bn and adjusted operating profit was up 4% to £724m. It described the growth as "modest" and said results were hit by constraints on disposable income. It said it expected a year of modest growth in 2011. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-02-17 00:00:00 UTC ]
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