CUP scores slim revenue rise despite Covid-19 hit

CUP scores slim revenue rise despite Covid-19 hit

Cambridge University Press saw sales at £336m in the year to end April 2020, a rise of 2.8% (2% at constant currency). However, operating profits fell 3.3% to £23.6m, compared to £24.4m in 2019.

CUP said it had seen "strong" growth during the first 11 months of the year, before disruption to supply and a "sharp" fall in sales in the final six weeks of the financial year, as Covid-19 led to a global lockdown of schools and universities.

Chief executive Peter Phillips said: “The year was one of extraordinary contrasts for the press. We enjoyed 46 weeks of strong revenue growth and excel...

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