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Profits at the book publisher Penguin slumped by almost 50% in the first six months, thanks in part to the runaway global success of EL James's Fifty Shades of Grey, which is published by a rival, Vintage Books.
The runaway success of Fifty Shades and The Hunger Games helped cut sales at Penguin by 4% to £441m and its adjusted operating profit down 48% to £22m.
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