Profits surge at OUP
July 28, 2011
July 28, 2011. Oxford University Press has described a surge in pretax profit by nearly 25% as "excellent", but said it does not underestimate the challenges publishers are facing.
The academic publisher has reported pretax profits of £122.6m in the 12 months to 31st March 2011, up from £98.5m last year. The company also increased sales by nearly 6%, to £648.6m in that period, up from £611.9m last year.
The press, which has invested heavily in digital developments since last year, put part of its success down to 85% of its sales being outside the UK, with 37% in emerging markets such as schools in India and China.