Bertelsmann achieves fastest profit growth in at least 4 years

bertelsmannBertelsmann, Europe’s largest media group by sales, reported the fastest profit growth for at least four years, helped by cost savings at its book publishing division.

Operating profits rose 7.4 per cent to €1.59bn, excluding exceptional items. Revenue grew 2.8 per cent to €12.2bn, a slower pace than the previous year. For the full story read FT.Com