Wolters Kluwer Happy about Q2 Results, Too

Dutch publisher Wolters Kluwer said Wednesday that second-quarter profits were sharply higher due to the sale of its educational publishing arm to private equity investors, reports the Associated Press. Net profit was euro666 million (US$909 million), compared with euro74 million in the same period a year ago, after Wolters sold Bridgepoint Capital Ltd. for around euro750 million (US$1.02 billion). Wolters’ book gain was euro595 million (US$813 million). Wolter said second-quarter operating profit was up 19 percent, stripping out the impact of the disposal. Sales rose 0.4 percent to euro830 million (US$1.13 billion) from euro827 million, hindered by the weak dollar.

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