Amazon to launch commercial fan fiction platform
Amazon Publishing has annou...
First Edition auction raises £439K
The auction of 50 first edi...
New role for Rausing in Granta restructure
Granta proprietor and publi...
Macmillan Education in ELT partnership with Knewton
Macmillan Education has ann...
Film deal for Serpent’s Tail title
Film rights have been signe...
Sales rise and profit jumps at Profile
06.09.11 | Benedicte Page
Profile has reported a 3% sales rise to £7.35m for the year to end 31st March 2011, with profits up 69% to £405,000.
M.d. Andrew Franklin said the publisher was delighted to announce these "healthy" results on the day that it learned of its first-ever Man Booker-shortlisted title (Esi Edugyan's Half Blood Blues, published by Serpent’s Tail). "The results are especially pleasing given the state of the economy," he added.
Franklin said there had been no single runaway hit, but a year of strong performers including Simon Garfield's Just My Type (selling 46,000 copies), Chris Mullins' Decline & Fall (20,000) and Susan Hill's The Small Hand (50,000). Why Don't Penguins' Feet Freeze? was also a number one Kindle bestseller.
Franklin added that the current financial year had started well, with good performances from Alan Bennett's Smut and Michael Brooks' Free Radicals.
"Profile has a continuous record of quality, profitable publishing since the company was founded in 1996," he said. "Through good times and bad, it's steady as she grows."