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Scientific and legal publisher Reed Elsevier, Netherlands, has reported increased revenues for the first half ended June 2005, owing to the performance of its online services and a 96 percent subscription renewal rate for the company's journals. Around 40 percent of its services are web-based. The publisher’s income for the first half stood at £2,368 million (US$ 4,150 million), a 6 percent rise over the £2,263 million (US$ 3,966million) earned in the corresponding period of 2004. For the full year, Reed Elsevier projected a 7 percent increase in overall revenue growth, as against 3% in 2004. The company's scientific, technical and medical publishing division benefited from the easing of budget limits at libraries and witnessed a 4 percent increase in article submission by academics. Reed Elsevier plans to look beyond the traditional markets of the UK, the US and the Netherlands to expand its global presence, particularly in China. KnowledgeSpeak 8/1/05 Scientific and legal publisher Reed Elsevier, Netherlands, has reported increased revenues for the first half ended June 2005, owing to the performance of its online services and a 96 percent subscription renewal rate for the company's journals. Around 40 percent of its services are web-based. The publisher’s income for the first half stood at £2,368 million (US$ 4,150 million), a 6 percent rise over the £2,263 million (US$ 3,966million) earned in the corresponding period of 2004. For the full year, Reed Elsevier projected a 7 percent increase in overall revenue growth, as against 3% in 2004. The company's scientific, technical and medical publishing division benefited from the easing of budget limits at libraries and witnessed a 4 percent increase in article submission by academics. Reed Elsevier plans to look beyond the traditional markets of the UK, the US and the Netherlands to expand its global presence, particularly in China. KnowledgeSpeak 8/1/05 http://www.knowledgespeak.com/news.asp#2
Posted by P. Kaufman at August 1, 2005 9:07 AM