Alma Books is planning to hire more staff and expand its non-fiction and YA lists, after reversing a loss made in its 2009 financial year.
For the year ending 31st December 2010, turnover grew nearly 70% to £629,361. Profit after tax was also up to £104,646 at the end of 2010, after making a loss of £10,437 in 2009. Managing director Alessandro Gallenzi said in the first half of 2011 sales reached £91,336 in June, up from £34,846 in January. Export sales have also grown by over 80%, according to the publisher, due to its sales and distribution agreement with Bloomsbury getting underway at the start of 2011, and with Gallenzi anticipating further growth in this area once distribution begins in the US in the near future.
Alma is looking to recruit an additional editor as well as another member of marketing staff, upping staff levels to seven full-time employees, with plans to publish a more varied non-fiction list and more YA titles and boost its digital publishing programme.
Overall, Alma will publish 20 books in spring 2012, up from 12 this year. The companys also aims to have all its backlist of titles available as e-books..
Digital publisher Open Road is launching a new imprint, Iconic E-books, with Erica Jong's Fear of Flying and Alice Walker's The Color Purple to be among its first titles.
The Iconic E-Books titles will be those that have "universal name recognition whether as memoir, popular fiction, literary fiction, or non-fiction".
Open Road co-founder and c.e.o. Jane Friedman said: "A core mission of Open Road is to bring many of the most influential and acclaimed books to 'e' to connect them once again with readers."