Sales at Simon & Schuster rose in the fourth quarter, up 5 percent to $231.7 million, but even with that improvement sales for the full year fell just below last year’s weak total, at $790.8 million falling $2.7 million below 2009’s mark. But strong fourth quarter profits of $20.1 million in OIBDA (up from $15.2 million a year ago) lifted income for the full year to $71.8 million, a 33 percent improvement over 2009. Operating income showed similar improvement, at $17.9 million for the fourth quarter, and $64.6 million for the full year. The company did record an unspecified “increased […]
