Earnings: Reed-Elsevier Reports Postive Preliminary Results For 2006

The British-Dutch publisher Reed-Elsevier (NYSE: RUK) reported its preliminary results on Thursday, saying its business was well-placed as the “digital horizon” continues to expand. In order to keep up with that expanding horizon, the company said it will sharpen its focus to develop its digital properties and sell its education division. Other highlights:
— 2006 profit rose to $1.22 billion from roughly $909 million in 2005, a 35 percent increase. Revenue up 4 percent to $10 billion.
— The company reported 10 percent growth in online information and digital services which now account for 37 percent of total revenues. Earnings release | Webcast

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