Quercus announced preliminary results for the first half of the fiscal year ending June 30, reporting £0.52 million in operating profit, a 7 percent drop compared to the same period last year, and revenues of £10.2 million, up 10.9 percent from the previous year. On the growth side, ebook sales were £3.5 million, comprising approximately 34 percent of total revenues for the first six months of the year. Quercus ceo Mark Smith said it had been “a time of preparation for the launch of the company’s inaugural US publishing program”, which now employs four people in its new US office. […]
