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A comment on EU ready to back immediate open access without author fees. Parent comment

Re:EU ready to back immediate open access without author fees by _Wintermute on Saturday May 06, 2023 @06:41PM (#35845999)
Elsevier's profit margin is 37% from what I can find.
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Re:EU ready to back immediate open access without author fees by cpncrunch on Saturday May 06, 2023 @06:53PM (#35846090)
https://www.google.com/finance/quote/REN:AMS

"Net profit margin: 19.04"

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Re:EU ready to back immediate open access without author fees by tomohelix on Saturday May 06, 2023 @07:01PM (#35846146)
Disingenuous comparison. We are talking about Elsevier the journal publisher, not the parent conglomerate that also deal with legal, analytics, software and a bunch of other businesses.
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Re:EU ready to back immediate open access without author fees by cpncrunch on Saturday May 06, 2023 @07:07PM (#35846176)
You are confusing net profit margin with operating margin. The 37% figure is operating margin, whereas the net profit margin is 19%. From your link, it looks like the Scientific, Technical & Medical arm has identical margin to the parent corporation.
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Re:EU ready to back immediate open access without author fees by tomohelix on Saturday May 06, 2023 @07:13PM (#35846216)
https://www.relx.com/~/media/Files/R/RELX-Group/documents/pr...

Look under the Scientific, Technical & Medical financial review. That is their scientific publishing arm.

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