Edinburgh’s Canongate filed its earnings statement for the year ended December 2017, on the usual delayed UK timetable. While overall sales increased, to £9.59 million from £8.54 million in 2016, the company had an unprofitable year, logging a pre-tax loss of £440,000. The publisher had slim profits in 2016 (£128,000) and 2015 (£119,000) after a big loss in 2014 (-£1.3 million). The bump in sales is due in part to the September 2017 acquisition of Severn House , which now comprises a meaningful portion of Canongate’s overall sales. (Severn House had sales in 2016 of £3.26 million.) “We took additional […]
