Profits up for Independent Publisher, Anova

Profits at Anova have increased by almost 300% to £640,000 in 2010, according to provisional figures released by the independent publisher.

The figures, for the year to end February 2011, are subject to audit and showed turnover is also up 0.9% to £11m from £10.9m in 2009.

In a statement, Anova c.e.o. Polly Powell said: "We had no single stand-out title, just good solid sales across the list and that’s what makes the difference under these difficult trading conditions. Particular strength was in the UK market, where our sales were significantly up on last year. Strong sales through the National Trust and from non-bookshop avenues (which don’t necessarily appear on BookScan) continue to thrive."

She added there was a modest increase in English-language sales into the United States. Foreign language sales were "disappointing" but Powell blamed these on the effects of the Icelandic ash cloud on London Book Fair last year.

Powell added the shift in its business towards more UK-centric publishing is allowing it to invest in its new digital strand, Anova Digital, which is run by Anova co-founder David Profitt.

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