Mixed fortunes at HarperCollins UK

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Turnover at UK-based HarperCollins Publishers increased by only 2% to &pound;124m in the year ended 30th June 1999, while operating profit grew more substantially, by 25% or &pound;1.3m to &pound;6.4m. Ed Kielbasiewicz, chief financial officer at HarperCollins UK, HCP's parent company, said the pre-exceptional figures gave "a fair representation of HC UK trading performance".</p><p>

HCP accounts for a substantial part of the UK business of HC UK. Pretax profits, which plunged 73% to &pound;11m, were hit by an exceptional loss of &pound;7.8m relating to surplus property. They also includ...

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