HarperCollins UK profits tripled in FY 2014-15
HarperCollins UK’s profits have tripled in the 2014-15 financial year, with revenues up by £6.6m (A$13.4m) to £186m (A$377m) and profit before tax up by £8.9m (A$18.1m) to £13.1m (A$26.6m), reports the Bookseller. This is the first time these figures have been released by parent company News Corp. HarperCollins UK has attributed its growth to strong sales from children’s book authors David Walliams, Veronica Roth, John Green and Michael Bond, as well as its Collins Learning divisions, which benefited from strong export sales and changes to the UK curriculum. UK revenues made up 69% of the publisher’s total turnover in FY 2014-15. Australia was the second largest market at 7%, followed by Europe, North America and the Middle East (all around 6%). News Corp’s acquisition of Harlequin in May 2014 was not included in the results.
Category: International news