Profile records 13th year of profits after 'solid' performance

Profile records 13th year of profits after 'solid' performance

<p>Profile Books managing director Andrew Franklin has called the company&#39;s latest results &quot;solid&quot; despite its turnover decreasing 14%. The independent publisher reported a turnover of &pound;7.12 million for the year to March 2010, with a pretax profit of over &pound;335,000. However, in the previous year turnover was &pound;8.28m with operating profits at &pound;1.18m.<br /><br />Franklin said: &quot;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&rsquo;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.&quot;<br /><br />Franklin said Attica Locke&rsquo;s <em>Black Water Rising</em> has &quot;kickstarted&quot; 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&#39;t Elephants Jump?</em><br /><br />Looking ahead to next year Franklin said there are &quot;big plans&quot; for Profile&#39;s 15th birthday and Serpents Tail&#39;s 25th.</p>