Sales rise but profits hit at CUP

Cambridge University Press saw sales rise 5% year-on-year at constant currency rates to £269m in the year ended April 2015, according to its latest annual report. The increase reflected "significant" expansion in its Education division, which was offset by lower increases in Academic. However profit fell 23% to £6.7m (£8.7m in 2013/14) for the year, with CUP saying a significant factor in the drop was "a sharp decline in government spending in South Africa, affecting all publishers." Continue reading at 'The Bookseller'

[ The Bookseller | 2015-07-28 00:00:00 UTC ]
News tagged with: #sales rise #education division #sharp decline #south africa

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