Publishers Results

Edinburgh University Press has almost trebled its net profit, with sales and rights income up 16% to £2.7m. Pre-audited accounts from the academic publisher for the year ending 31st July 2010 show an increase in profits to £430,000 from £154,000 in 2009.

Sales in the UK increased by 28% year-on-year and by 20% in the US. E-book sales increased by more than 100%, although the publisher said it was from a small base.

Quercus has confirmed that it nearly tripled its sales to £15.01m in the first half of the year. In an interim management statement for the six months ending 30th June, the company reported that it had profit before tax of £3.3m, compared to a pretax loss of £0.26m for the same period last year.

In its statement, it said the trade division performed significantly above expectations, predominately driven by the success of Stieg Larsson's Millennium Trilogy. However, Quercus said its trade list excluding Larsson grew by 24% during the same period.

Illustrated publisher Frances Lincoln's pre-tax profits have more than doubled to £680,000 in its latest set of financial results.  Revenue, including sales from its third party distribution division, increased 3% to £7.46m for the 12 months ending 31st March 2010, producing pre-tax profits of £680,000. Pre-tax profit in the 08/09 financial year was £257,000.

Meanwhile Scholastic has called its first quarter results "solid" despite sales falling by 7.8%, with trade revenue rising 9% and international revenue up.Turnover in the first quarter ended 31st August was $290.9m versus $315.6m in the prior year period. The children's publisher stated it "typically records a seasonal loss in its fiscal first quarter, when most schools are not in session and its School Book Clubs and Fairs generate minimal revenue".

For its children's book publishing and distribution segment revenue was $72.8m, compared to $76.2m in the prior year period. However trade revenue rose 9% due to a "successful front-list".International sales for the quarter was $81.9m, up from $75.6m in the prior year period, reflecting a $3.2m foreign exchange benefit, as well as strong sales in Australia and Canada.

Comments