S&S UK 'looking strong' as profit grows in 2016

S&S UK 'looking strong' as profit grows in 2016

Simon & Schuster UK made a profit before tax of £3.76m last year, coming back from a loss the year before, with c.e.o. Ian Chapman telling The Bookseller the company is looking "really strong financially".

Pre-tax profit for the year to 31st December was £3.76m, back from a loss of £132,000 in 2015, achieved as turnover grew by £677,000 from £41.4m in 2015 to £42.1m last year.

Sales of adult non-fiction titles, notably Bruce Springsteen’s memoir, Born to Run, published in September last year, helped to boost profit, and the company also published 100 fewer books in 2016, Chapman revealed....

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