Sales rise at Profile

Sales rise at Profile

Profile has announced a sales hike of 23% for the year to end March 2012, with an operating profit of more than £700,000.

Profile’s turnover stood at £9m, up from £7.4m in 2011. Operating profit was £702,735, with the profit on ordinary activities before taxation as a percentage of turnover of 9.33%.

The company said its fiction imprint Serpent’s Tail had enjoyed particular success, thanks in part to a sales boost from the film adaptation of Lionel Shriver’s We Need To Talk About Kevin, and its first Man Booker Prize-shortlisted title, Half Blood Blues by Esi Edugyan.

Other strong titles were Alan Bennett’s Smut, co-published with Faber, selling 110,000 copies, and Simon Garfield’s history of fonts, Just My Type, selling 80,000 copies.

Managing director Andrew Franklin said: “This is a thoroughly pleasing result. These figures demonstrate one of Profile’s great strengths: we work hard on every single book on the list, to ensure we publish, promote and sell them as well as we possibly can.”

The company has also made headway with apps, with Frankenstein reaching number two in the iTunes paid-for books apps chart.

Franklin said: “We’re facing a very tough trading environment but we have another strong autumn list.” Upcoming releases include Jonathan Dimbleby’s Destiny in the Desert, and TV tie-in edition of Lucy Woodhead’s book Mr Selfridge, which has been turned into a 10-part series for ITV.