Reed Elsevier records hike in profits and revenues

Publishing and events group Reed Elsevier reported a rise in revenues for 2012, driven by volume growth, new products and expansion in lucrative markets.

Publishing and events group Reed Elsevier reported a rise in revenues for 2012, driven by volume growth, new products and expansion in lucrative markets.

Revenue came to £6.1bn for the year to December 31st, up 2.0% from £6.0bn in 2011. Adjusted pre-tax profit grew 8.0% to £1.4bn for the period while adjusted operating profit jumped 5.0% to £1.7bn.

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