The Bookseller Magazine has recently reported a string of successes from UK publishers with increased turnover and profits.
Sales at Simon & Schuster UK increased by 18% year on year for the three months to end of June with a "substantial" increase in profits, m.d. Ian Chapman has said.
Group chief executive Carolyn Reidy also revealed that adult e-book sales "right now" accounted for approximately 8% of the total.
Chapman refused to disclose sales figures or the profit increase but said turnover had been driven by paperback performance. He said: ""Our profit is also looking very strong. The increase has been substantial."
Meanwhile HarperCollins UK has said it has made "significant operating profit growth" for its latest financial year due to digital sales, rights, export sales and savings from a restructure in 2009.
HarperCollins UK chief executive. and publisher Victoria Barnsley said: "In a tough trading year when the market dropped and home sales were down, HarperCollins UK managed to deliver significant operating profit growth on the back of a strong export market, exceptional rights income, higher digital revenues and cost savings related to prior year restructuring."
Quercus has also seen revenue almost triple to £15m for the first six months of the year, making a profit of £3.4m compared with a loss of £100,000 compared with the same period in 2009. The publisher's board said performance for the six months ended 30 June 2010. "across all sectors [has] continued to be well ahead of management forecasts. As a result, full year performance is now expected to "significantly exceed market expectations", the company statement said.
Although much of the sales and profit growth can be put down to Stieg Larsson's Millennium Trilogy - which last month accounted for £1.57m of sales, Quercus highlighted other current bestsellers such as The Battle of Britain by Patrick Bishop, Truth by Peter Temple and Jungle Soldier by Brian Moynahan.
Casemate, publisher and distributor of military history and art books, has also had a good year and reported a sales increase of 105% to £900,000 for the year ending 31st December 2009.
The company refused to disclose profit figures. It has been trading for three years since Greenhill Books was taken over by Casemate US and rebranded as its UK wing. It now distributes titles for 35 publishers.
Mark Wray, Casemate UK managing director, said: "I’m extremely pleased with the way we are growing. We have a highly professional sales and marketing team, who between them boast an invaluable 40 years’ worth of selling both military and art history books and are probably the leading experts in our field in the country, which is reflected in such rapid growth for the company despite a very difficult economic climate."