Flat sales and profit at CUP

Flat sales and profit at CUP

Cambridge University Press sales dropped very marginally to £268.8m in the year ended April 2016, according to its latest annual report (£269.1m in 2015), with growth levels falling back from a 5% revenue rise the year before.

However underlying growth on a constant currency basis was said to be 1.5%, reflecting higher growth in CUP's Education division, offset by challenging conditions in the Academic division.  

Profit before exceptional one-off costs stood at £6.5m, flat with 2015.

Chief executive Peter Philips said the reported results were "a pleasing performance when set against di...

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