Profile records 13th year of profits after 'solid' performance
<p>Profile Books managing director Andrew Franklin has called the company's latest results "solid" despite its turnover decreasing 14%. The independent publisher reported a turnover of £7.12 million for the year to March 2010, with a pretax profit of over £335,000. However, in the previous year turnover was £8.28m with operating profits at £1.18m.<br /><br />Franklin said: "This is the 13th year of continuous profitability since the company was founded in 1996. We made a healthy profit after paying everyone in the company a good bonus under the company scheme. We didn’t have a top bestseller, so naturally we are down on last year, but these are solid results and we are very proud of our publishing."<br /><br />Franklin said Attica Locke’s <em>Black Water Rising</em> has "kickstarted" 2010-11 and added the autumn list is very strong with titles such as <em>Just My Type </em>and New Scientist title <em>Why Can't Elephants Jump?</em><br /><br />Looking ahead to next year Franklin said there are "big plans" for Profile's 15th birthday and Serpents Tail's 25th.</p>