Profile records 'solid' year

Profile records 'solid' year

Profile has recorded a small downturn in turnover for the year to 31st March 2013, at £8.49m (£9m in previous year). Operating profit was flat with 2012 (£702,735) at £697,000.

Profit as a percentage of turnover stood at 10%, up from 9%.

M.d. Andrew Franklin said: "We are more pleased than we are willing to admit by these solid results. Selling books is more challenging than ever, but we have stuck to what we do best: publishing interesting non-fiction and, through Serpent's Tail, edgy fiction.

"If the books are strong enough—and thanks to our great authors they are—and you publicise, market and sell them energetically, you can have real successes."

He added: "We didn't have a runaway bestseller this year but all our books did well. There's still lots of life in publishing and we have great books coming to prove it."

HIghlights for the year to end March 2013 included Simon Garfield's On the Map, the paperback of A Short History of England by Simon Jenkins and Cathi Unsworth's Weirdo. The year also saw the incorporation of Tindal Street Press into Serpent's Tail.

Profile said it was looking forward to a strong autumn, with the new Simon Jenkins, England's 100 Best Views; Peas & Queues from Sandi Toksvig and the paperback of Susan Hill's Dolly. Hannah Westland's first commission as publisher of Serpent's Tail, The Middlesteins, will be a Waterstones Book Club choice.

Profile said it was also "actively pursuing original digital products" with a major new app scheduled for November, with details to be announced in coming weeks.