Elsevier increases sales and profits

The Bookseller: Elsevier increased sales and profit in 2011 as the company said the decline in print sales was off-set by growth in medical research and electronic solutions. The academic publisher saw its underlying sales grow by 2% to £2,058m for the year to 31st December 2011, from £2,026m in 2010, while its underlying operating profit increased by 4% to £768m from £724m, due to "increased efficiency" at the company