McGraw-Hill global revenue drops, ‘excellent year’ locally

Tuesday, 9 February 2010 Books+Publishing

McGraw-Hill Companies, parent company of McGraw-Hill Australia, has reported a decline in revenue at McGraw-Hill Education of 9.5% for 2009. Revenue dropped to US$2.1 billion (A$2.4 billion) and operating profit was down 14.1% to US$276 million (A$315 million) from US$321.4 million (A$366 million) in 2008.However, the company reported: ‘The McGraw-Hill Higher Education,...