Costs impact on Aurum profitability

High provisions for unsold stock and unearned author advances outweighed increased sales at independent general non-fiction publisher Aurum Press in the year to the end of June 2001. The higher than expected costs led to an overall net loss of &#163;336,447 at the company, compared to a pretax profit of &#163;55,726 the previous year.</p><p>
Turnover at Aurum climbed by more than a third to &#163;3m during the year, but the cost of sales jumped to &#163;2.5m, up from &#163;1.5m the previous year. Distribution costs also rose sharply, from &#163;353,895 to &#163;465,618.</p><p>
Aurum's i...

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