Profits at HarperCollins surged £25.3m due to "exceptional rights income" in its most recent set of financial results filed at Companies House. For the year ending 30th June, operating profit increased to £29.1m. Turnover was up from £242.4m in 2009 to £242.8m in 2010. The results include the UK, India, New Zealand, Australia and Canadian markets. In India, sales were up 22% year on year and international sales were up 15%.
The company said: "[The results] were largely due to exceptional rights income for the year. Investment in our digital businesses has resulted in a significant increase in profit this year. All in all, this was a good result in a transitional year when the company was investing heavily for future growth and received a boost from the exceptional rights income."
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