Internet fuels CUP growth

Cambridge University Press has reported turnover of &pound;101m for 1999, driven by "spectacular growth" in sales through Internet booksellers, especially in the US. The figure represents an 8% increase compared with sales in 1998 and is the first time in the publisher's history that revenues have exceeded &pound;100m.</p><p>
CUP made an overall profit of &pound;10.2m, of which &pound;3.6m was returned to Cambridge University. As part of the university, CUP is a registered charity and does not pay tax on profits.</p><p>
Sales in the UK increased by 5% to &pound;24.4m for the year to end...

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