U.S. News

Wolters Kluwer Reports Rise in Profit


Wolters Kluwer, the Dutch publisher of information for legal, medical and educational professionals, reported a 33% increase in fourth quarter earnings Wednesday.

Net profit rose to 92 million euros ($121 million) from 69 million euros, while sales hit 1.00 billion euros ($1.32 billion), up 7.3% from 932 million euros.

The company, emerging from several years of restructuring, said 43% of its earnings now come from online publications.

Wolters Kluwer Fourth-Quarter Results

It predicted sales growth of 4% to 5% in 2007 and an earning increase of at least 10%.

Shares fell 1.3% to 22.90 euros ($30.17) in Amsterdam trading -about the same as the overall index of leading Dutch shares after a selloff in Asia.