Atkinson predicts profit for Atlantic this year, after 'nearly-there' 2017

Atkinson predicts profit for Atlantic this year, after 'nearly-there' 2017

Atlantic Books is now “standing on its own two feet” as it begins to turn a profit after four years’ majority ownership under Allen & Unwin, m.d. Will Atkinson has told The Bookseller.

The company, in which Allen & Unwin became a majority shareholder in 2014, has been reliant on its parent. However, Atkinson said the company has been profitable since September 2017 and as such has “happily stopped taking money from them”. Atlantic’s revenue is currently up 42% for the first nine months of 2018 on last year, Atkinson said.

Atlantic Books’ accounts for 2017, filed this month at Companies Ho...

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