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Lunch for Wednesday, September 7

September 7, 2005
By Michael Cader

Profits Rise at Random Bertelsmann reported results for the first half of the year, with Random House registering sales of 799 million euros ($994 million) and “operating EBIT” of 48 million euros. The company says the decline in sales versus 818 million euros a year ago is due to the weak dollar, though dollar softness has effected euro-denominated results for a long time now. The UK division produced “the largest gains” in both sales and profits, extra helpful to the company because they are recorded in stronger pounds; and the German division “posted notable improvements in sales of its adult […]

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