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Reed Elsevier Plc 6-month Profit Up - Quick Facts

(RTTNews) - Reed Elsevier Plc's (REL.L, RUK) half-year pre-tax profit grew to ??412 million from ??188 million last year. However, adjusted pre-tax profit slipped to ??624 million from ??644 million in the previous year.

Net profit for the period amounted to ??318 million, higher than ??163 million in the year earlier period. Adjusted profit attributable to parent companies' shareholders also dropped to ??482 million from ??503 million a year ago.

Reported earnings per share for the period improved 86% to 13.2 pence from 7.1 pence, while adjusted earnings per share declined 13% to 21.3 pence from 24.5 pence in the prior year.

Revenue for the six months ended 30 June 2010 decreased to ??2.99 billion from ??3.06 billion in the comparable period.