OUP posts 3.3% turnover rise

OUP posts 3.3% turnover rise

Oxford University Press has reported turnover up 3.3% at £847.4m for the year ending 31st March 2017. The publisher’s trading surplus rose 14% to £124m.

Those results are calculated on a like-for-like basis at constant currency rates. With the effects of foreign exchange and the weakened pound factored in, headline growth stood at a full 11%, with the trading surplus up by 24%.

The improved results (last year OUP’s turnover rose just 1.7%, while profit dropped 8% to £102m) were attributed to good underlying growth across both the academic and educational businesses, and particularly a ret...

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