Results for the six months ended March 30th 2020
- The Group achieved revenue of £326m, 2% less than in 2019,
with revenue impacted by the covid-19 pandemic towards the end of the year.
- The Economist’s circulation revenues rose by 6% as a result of a significant price
increase that was rolled out globally during the year.
Consequently, revenue per copy grew from £2.48 to £2.82.
- The EIU’s revenue increased by 1% overall with EIU Healthcare and Corporate Network
delivering 24% and 4% revenue growth respectively.
- Operating profit for the Group increased by 1% over last year to £31.4m
on revenues of £326.1m. Net exceptional costs are £2.2m lower than last year
and after removing these items, operating profit before exceptional items of £34.3m
is down £1.8m or 5% on the prior year.
For further details, please explore The Economist Group latest annual report.