Also reporting results, Oxford University Press issued their annual report, saying sales of £695 million for the year ending March 31 2012, up by 7 percent over the previous year’s £648.6 million, boosted by a 16 percent gain in emerging markets. But pre-tax profit of £115 million for the year was down £7.5 million from a year ago, and the company transferred £53 million to the University of Oxford to fund its operations. Chief Executive Nigel Portwood says in the announcement: “We faced difficult market conditions last year, but nevertheless developed some truly innovative publishing which will help support the […]
