Canongate 'confident' as profit rises 7.5%

Canongate 'confident' as profit rises 7.5%

Canongate experienced another “solid” year in 2016 which saw its turnover rise marginally to £8.5m, including an “encouraging” 6% increase in backlist sales which "bodes well" for the long-term health of the business, its chief executive Jamie Byng said.

Overall turnover at the publisher rose just under 1% to £8.54m, while pre-tax profit was up 7.6% to £128,506 for the year ending December 2016.

Speaking to The Bookseller about company's "encouraging" financial results, Byng was particularly enthused by the strength of backlist sales, which he said demonstrated the "real health" of the bu...

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