Frances Lincoln doubles pre-tax profts

Frances Lincoln doubles pre-tax profts

<p>Illustrated publisher Frances Lincoln&#39;s pre-tax profits have more than doubled to &pound;680,000 in its latest set of financial results.</p><p>Revenue, including sales from its third party distribution division, increased 3% to &pound;7.46m for the 12 months ending 31st March 2010, producing pre-tax profits of &pound;680,000. Pre-tax profit in the 08/09 financial year was &pound;257,000.</p><p>John Nicoll, m.d. of Frances Lincoln, said: &quot;Frances Lincoln&#39;s extensive backlist continues to provide a solid platform for the company to develop its frontlist and to seek new opportunities, utilising its strength as a market leader in its trade and non-trade markets both in the UK and overseas.</p><p>&quot;Frances Lincoln is ahead of its current year&#39;s budget and is optimistic of achieving similar results this year.&quot;<br /><br /> </p>