Turnover up three percent at OUP
Oxford University Press (OUP) has recorded a 3.3% increase in turnover to £847.4m (A$1450m) for the year ending 31 March 2017, reports the Bookseller.
The results, which improve on last year’s increase in turnover of 1.7%, were attributed to ‘good underlying growth’ in the academic and educational businesses, and a return to double-digit growth in emerging markets.
Turnover in the academic division rose 2.4%, with growth recorded in the US and dictionaries, while turnover in the educational divisions increased by 3.7%, helped by curriculum changes in markets such as the UK and Australia.
Growth of 11% in emerging markets was driven by strong school sales, with particularly high growth rates for China and India.
Category: International news