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By Jemma Slingo2021-04-19T14:43:00+01:00 Operating profits at legal educator BPP more than tripled last year, while its profit margin widened to almost 20%, the owner of the business reported today. The university, which was bought by a private equity company last month, said Covid-19 had not had a ‘significant financial impact’ on its performance. According to accounts for the year ended 31 August 2020, BPP s operating profit rose from £5.6m to £17.97m, and operating profit margin rose from 7% to 19% year-on-year. Revenue rose less steeply, growing by 11% to £94.24m. BPP said the profit increase followed ‘strong revenue growth at scale that has delivered operational efficiencies along with proactive management of property, staff and other operating costs’. It added that while Covid-19 had an operational impact, ‘it did not have a significant financial impact when group performance is compared to the prior year’.

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