MUP announces operating profit increase of 19%
Melbourne University Publishing (MUP) has reported its operating profit for the two-year period of 2019–2020 is up 19%, compared to 2017–2018. ‘Since the end of 2018, total equity in the...
Booktopia reports EBITDA up 506%
Online bookseller Booktopia has reported a 506% increase in its earnings (before interest, tax, depreciation and amortisation: EBITDA) for the six months to the end of December 2020 in its...
Ebooks account for 25% of sales at Harlequin Asia Pacific in 2013
Digital sales grew by more than 50% at Harlequin Asia Pacific in 2013 and now account for 25% of the publisher’s total sales, reports regional vice president Michelle Laforest. Commenting...
Ebook sales up at Hachette in 2013
Hachette Australia has recorded an increase in ebook sales in 2013, with CEO Matt Richell reporting growth in ebook sales of 27%. Ebooks now account for 22.5% of the publisher’s overall...
‘Fifty Shades’ boosts Random House profits in 2012
Global revenues at Random House increased by 22.5% in 2012 in large part due to the success of E L James’ ‘Fifty Shades’ series, which sold more than 70 million...
Sales up at Penguin Australia in 2012; ebooks account for 17.5% of Penguin’s global revenues
Penguin Australia gained overall market share in 2012 and recorded higher sales than 2011, according to chief executive officer Gabrielle Coyne. Coyne told Books+Publishing that Penguin ‘had a strong sales...
Net sales up 15% at S&S Australia in 2012; ebooks grow to 18% of sales
Simon & Schuster Australia’s net sales were up by 15% in 2012 compared to the year before, reports managing director Lou Johnson. Johnson told Books+Publishing that sales of print books...
Ebooks grow to 18% of sales at Hachette Australia; Lagardere sales up 1.9%
Ebooks sales accounted for 18% of overall sales at Hachette Australia in 2012, compared to 12% in 2011. Hachette Australia managing director Matt Richell told Books+Publishing that ‘as with many...
OPUS Group sells assets in Marysborough, Singapore in restructure
OPUS Group has announced the sale of a number of its assets as part of a restructure that is designed to reduce the company’s debt. In a statement to the Australian...
Text shares worth more than $1 million to Canongate
The sale of Canongate’s 70% shareholding in Text Publishing was worth £662,142, or approximately A$1.04 million, to the Scottish publisher, reports the Bookseller. The value of the sale, which took...
Allely to leave PMP in 2013
PMP chief executive and general manager of print and distribution Richard Allely has announced that he will step down from his position in September 2013. In a statement to the Australian...
Paper Plus announces financial results; was in the running to buy Whitcoulls
The Paper Plus Group, parent company of New Zealand bookselling chain Paper Plus, was in the running to buy the Whitcoulls business from the administrators of REDgroup Retail last year,...
OUP reports 10% growth in sales
Oxford University Press has reported a 10% growth in sales for the financial year ending 31 March. Sales for the year were £695.5 million (A$1.04 billion), up from £648.6 million...
BBC Worldwide writes down Lonely Planet in response to strong Oz dollar
BBC Worldwide has revealed a £16.1 million (approximately A$24.5 million) write down of Lonely Planet in its 2011-2012 annual report. It is the second time the British company has written...
Ebook sales grow by 159% at Bloomsbury in ‘transformational’ year; Handler, Bourdain top ebook sales chart
Ebook sales now account for six percent of Bloomsbury’s worldwide sales and grew by 159% in the financial year ending 29 February 2012, the publisher reported in its most recent...
WH Smith to open two new Oz stores in July; international stores report ‘record profit performance’
UK bookselling chain WH Smith will open two new stores in Australia this year, bringing the number of WH Smith outlets across the country to eight. A spokesperson for WH...
PMP receives mystery takeover bid
PMP, parent company of book printer Griffin Press, has revealed that it has received a ‘highly conditional, non-binding indicative offer’ from an undisclosed bidder to purchase the company. In a...
Williams leaves, George appointed COO at PMP; 2012 expected earnings downgraded for second time in six months
PMP chief executive Richard Allely has added the position of general manager of print and distribution to his role following the departure of Andrew Williams as a result of a...
Harlequin reports sales, earnings decrease for 2011; digital revenues account for 15.5% of global sales
Harlequin has attributed declines in its revenue and earnings in 2011 to lower print sales in overseas markets. In its latest financial results, released by Canadian parent company Torstar at...
Sales and profits grow at Elsevier in 2011
International publisher Elsevier has recorded a two percent increase in underlying sales and a four percent increase in underlying operating profit for 2011. In its latest financial results, available online...