Profits for Elsevier

Mar 29, 2003 by

2002 has been profitable for Reed-Elsevier. Their reported 2002 net profit went up 43% from the previous year to reach $288.9 million, up 43% from GBP 126 million the previous year. Revenue climbed 10%. What is the secret of their success? A large portion of those revenues are from subscriptions. Surprised, anyone?

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