JKP revenue up 6.5%

JKP revenue up 6.5%

Jessica Kingsley Publishers (JKP) has seen a boost in turnover in 2014, with a small growth in the independent publisher's digital sales.

For the year ending December 2014, JKS recorded a turnover of £4.9m, up 6.5% from £4.6m in 2013. Profits for the year stood at 10% of total group turnover and the group also has £1m in cash resources, which will be used to reinvest in future publishing activities, the company said. 

Export sales for the publisher, which is based in London and had an office in Philadelphia, stood at 55% of total revenue, or £2.7m. Digital turnover, meanwhile,  accounted for 14.6% of group turnover in 2014, compared to 13.6% in 2013.

Founder Jessica Kingsley said the group looked forward to strong 2015 based on the results. "Thanks to our strong global partnerships, and our really excellent sales, marketing and editorial people in London and Philadelphia, we are looking confidently towards steady growth, further award-winning books in 2015, and new and exciting publishing in emerging fields."

Kinglsey pointed to backlist titles remaining at the bedrock of sales, with many backlist titles reprinted in new formats, including as part of a graphic novel list. The publisher plans to publish more than 225 new titles in 2015, with a further increase planned for 2016.

JKP added that sales in the first quarter of 2015 were up compared to the same period in 2014, with expectations of 10% sales growth across the forthcoming year.