Sales at Quercus rose to 10.94 million pounds, up 27 percent, but the house reported a consolidated loss of 281,000 pounds for 2008. CEO Mark Smith writes, “the disruption in the UK marketplace contributed to a shortfall in our anticipated Trade revenues and, as a result, total revenue fell short of expectations.” He writes that the first five months of 2009 have been better, saying “we are confident of achieving better results in 2009, but remain watchful and prudent in the current climate.” (Quercus should start to receive royalties from the US edition of Stieg Larsson’s novel later this year.) […]
