Cambridge University Press Releases 2019/2020 Annual Report; Sales Up Nearly 3% vs. Previous Year
From the Cambridge U. Press:
A strong performance helped Cambridge University Press to secure an increase in sales during the last year, despite the impact of the global pandemic.
As the Press’s newly-published annual report for 2019/20 shows, nearly 11 months of strong growth were interrupted by the impact of COVID-19 during the last six weeks of the financial year and the subsequent global lockdown of schools and universities.
Despite the disruption to supply and a sharp fall in sales, the Press’s strong pre-pandemic performance was enough for it to end the year with sales up nearly three per cent on the previous year at £336 million [$437.1 million/USD]. Operating profits fell slightly to £23.6 million [$30.7 million/USD], compared to £24.4 [$31.74 million] in 2019.
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