UK independent publisher Faber has reported a second consecutive year of poor results. Reporting on a delayed basis — the latest figures are for the 12 months ending March 2015 — sales fell 1.8 percent to £15.9 million and the company recorded a significant operating loss of £813,000. That loss includes a “substantial one-off restructuring cost.” The company eliminated eight jobs in March. In the prior year, sales had fallen 18 percent to £16.26 million, and earnings went from more than £2 million to just below even. CEO Stephen Page tells The Bookseller, “Our view is that we have to be careful about what we publish […]
