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August 11, 2008By Sarah Weinman

Profile Books Remains Upbeat in Face of Profit Decline

August 11, 2008By Sarah Weinman

For the fiscal year ending in March 2008, Profile Books reported a turnover of £7.58m and net assets increased by 18%, down from 2007’s turnover of £9.09m and 23% net asset increase. Pre-tax profit came in at £1.03m euros and operating profits were £770,000, down more than half from 2007. The publisher cited a lack of a number one bestseller for the downturn from last year’s “exceptional” figures. Managing director Andrew Franklin said: “These are very pleasing figures.  Some years we publish a runaway bestseller and it’s a fabulous bonus when we do, but even without one these results show […]

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Filed Under: Earnings Reports, Publishers

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