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Profits increased amid a fall in sales in Simon & Schuster's global third quarter results.
Publishing revenue in the three months to 30th September was down 6% to $217.7m from $230.4m the previous year. For the nine months to 30th September, sales were down from $573.5m to $559.1m. Parent company CBS said bestselling third quarter titles included Rhonda Byrne's The Secret and Bob Woodward's Obama's Wars.
While S&S did not strip out UK figures, for the first 36 weeks of the year Simon & Schuster's UK sales were up 21% to £18.7m, according to Nielsen BookScan. This is the largest sales growth of any of the top 10 publishers in 2010.
Publishing's adjusted operating income was up from $26.6m to $29.5m for the three months to end September. For the nine month period, it was up 42.3% to $46.7m. It said operating income increased due to cost containment, lower royalties paid and lower production costs.
Total sales at CBS fell from $3.35bn to $3.30bn over the three month period. Total operating income increased from $418.2m to $611.2m during the same period.