Pandemic had 'significant impact' on CUP's finances

Pandemic had 'significant impact' on CUP's finances

The pandemic had a “significant impact” on Cambridge University Press’ financial results for 2020-21, but the publisher remains “robust” according to its latest annual report.  

Operating profits in the 15-month period leading up to its integration with Cambridge Assessment to become Cambridge University Press & Assessment were £20.7m compared to £23.6m in the 12 months of 2019-20. CUP said the strength of the pound against a number of other currencies held back revenues and profits. 

Sales were £384m in the period from May 2020 to July 2021 compared with £336m over the 12 months of 2019 ...

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