Lagardère Publishing has reported a net sale decrease of 2.5% on a like-for-like basis in its third quarter, attributing the drop to weaker sales in English-speaking countries and the "impact of e-books".
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Lagardère Publishing has reported a net sale decrease of 2.5% on a like-for-like basis in its third quarter, attributing the drop to weaker sales in English-speaking countries and the "impact of e-books".
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International co-edition publisher Quarto has increased its revenue and profit in the first nine months of 2011, with "much improved trading in the third quarter".
In its Q3 interim management statement the company, headed by chairman and c.e.o. Laurence Orbach, reported sales up by 5% to $130.7m (£82.8m) for the nine months to 30th September 2011, with profit before tax, amortisation of non-current intangibles and exceptional items up 3% to $24.7m (£15.7m) over the period. Profit before tax had increased by 9%, to $6.0m (£3.8m).
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Bertrams' sales and operating profit has dropped marginally in the last year while the book wholesaler said its merger with Dawson Books will increase revenues by a third.
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Atlantic Books made a loss of £1.8m on turnover of £6.9m in 2010, the company has confirmed. But chief executive Toby Mundy said the publisher was likely to grow 15% on 2010's figures this year and had also reduced its costs by 15%.
Mundy said the 2010 losses came about after Atlantic increased its overheads to push ambitious growth plans, including with the launch of its Corvus imprint, while the economy flatlined. The company's 2010 turnover was flat year-on-year, at £23,773 below its 2009 total.
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Profits at Canongate for its 2010 financial year fell by 42.7%, which the publisher said reflected the cost of acquiring specialist audio publisher CSA, as well as investing in staff and systems.
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Manuals and DIY publisher Haynes Publishing has reported pre-tax profits of £7.18m, up from £7.17m in 2010, for the year ended 31st May 2011.
Like-for-like sales were up 1% to £33.76m from £33.31m in 2010. Segmental operating profits rose by 10% in the UK and European markets, up to £2.4m, compared with £2.19m in 2010.
Sales of Haynes' top 10 bestselling manuals were up 20%, with UK and European revenue overall ending the year down by 3% on last year at £14.43m, down from £14.93m in 2010.
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