Reed Elsevier Posts Rise In Profit, Lifts Dividend

Reed Elsevier PLC

reported a gain in its full-year profit and lifted its dividend. Reed Elsevier's net profit for the year jumped to 1.11 billion pounds ($1.85 billion), versus a year-ago profit of GBP1.04 billion. Its revenue slipped 1% to GBP6.04 billion. Reed Elsevier shares closed ta $60.70 yesterday.