Preliminary Results Show Elsevier's Adjusted Operating Profit Increased to 568 Million Pounds in 2008

Reed Elsevier has released "Reed Elsevier Preliminary Results 2008." For the Elsevier division alone, revenue increased to 1,700 million pounds from 1,507 million pounds in 2007 and adjusted operating profit increased to 568 million pounds from 477 million pounds in 2007. Notes indicated that performance factors included "Record subscription renewals, growing online sales, successful publishing; weak pharma." The Elsevier division accounted for 39% of Reed Elsevier's 2008 adjusted operating profit. (Thanks to The Imaginary Journal of Poetic Economics.)

According to the Wall Street Journal, at yesterday's exchange rate one U.K. pound equalled 1.4426 U.S. dollars.

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