Reed Elsevier yesterday announced the first set of results since their merger – there was a 24% increase in pre-tax profits.
Currency movements favoured the first half figures, which rose from £227m to £281m before tax.
Professional publishing showed a 30% profit rise to £60m, and the consumer division was up 23% to £54m with a good performance from IPC magazines. The business division contributed £105m, up 13%. Medical publishing, however, suffered a 50% drop in profit. Profits of up to £445m for the full year are forecast.
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
