Reed Elsevier PLC reported consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported operating profit was £478 million against £566 million a year ago. Profit before tax was £493 million against £576 million a year ago.

Profit attributable to ordinary shareholders was £490 million or 42.5 pence diluted per share against £572 million or 48.2 pence diluted per share a year ago. Net cash from operating activities was £9 million against £5 million a year ago. Adjusted profit attributable to ordinary shareholders was £642 million or 56.3 pence per share against £633 million or 54.0 pence per share a year ago.