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Expanded digital delivery and sales in emerging markets have led Taylor & Francis parent company Informa to an increase in adjusted operating profit of 1.2% to £313.2m in its latest financial year.
In its results, for the year to 31st December 2010, the media company also reported a revenue of £1.23bn, up slightly on £1.22bn in 2009. In operational terms, 65% of the group's publishing revenues were from subscriptions, with 74% of publishing revenues fully digitised.
Chief executive Peter Rigby said "digital delivery" now represents 41% of its overall revenue, with "growth in emerging markets" responsible for 12% of revenues. He added: "The financial strength of the group has again been improved, reflecting the cash-generative nature of our businesses."
He also said: "After the economic difficulties experienced over the last two years, the group is in a strong place to deliver organic growth." He said the company would do this by investing in new products, as well as building upon its sales teams and events business.
Looking to 2011, he said: "The year has started well, in line with our expectations, with encouraging performances from some of our biggest events as well as a successful academic journal renewal. I am excited about the next 12 months and expect Informa to deliver a year of progress."
The group has an events and training arm as well as its professional and commercial information division; its academic information division comprises of academic publisher Taylor & Francis.