‘Rapid growth’ in digital products at McGraw-Hill Australia and New Zealand; 2011 revenue in international markets ‘slightly’ below 2010
McGraw-Hill Education's business in Australia and New Zealand is 'benefiting from the rapid growth in digital products and sales that is transforming education', despite 'challenging economic conditions in 2011', according...
Pearson results: Ebooks represent 12% of Penguin revenues
Penguin's parent company Pearson expects revenues from its digital and services businesses 'to exceed revenues from traditional publishing businesses in 2012', according to the company's recent full-year financial report. The...
S&S Australia sales ‘slightly up’ in 2011; ebook sales expected to reach 10% this year
Net sales at Simon & Schuster (S&S) Australia were 'slightly up' on figures from 2010, according to managing director Lou Johnson. Johnson told the Weekly Book Newsletter that 2011 was...
Ebooks account for 12% of sales at Hachette Australia; Largardere sales down 5.9% in 2011
Ebook sales accounted for 12% of Hachette Australia's sales during 2011, according to managing director Malcolm Edwards. Edwards told the Weekly Book Newsletter that this figure represents 'an almost ten-fold increase in the...
McPherson’s reports nine percent drop in revenue
Book printer McPherson's Printing Group has recorded a nine percent drop in revenue and a 24% decline in pre-tax earnings in its printing division for the 2010-2011 financial year. Sales revenue for...
HarperCollins finds ‘rewards’ in ‘a challenging and difficult’ year
HarperCollins Australia and New Zealand has told the Weekly Book Newsletter that the company experienced tough conditions throughout the last financial year, but was rewarded with the success of a...
Local operations contribute to strong financial results for Wiley
International publisher John Wiley & Sons has recorded a three percent increase in total revenues and a 20% increase in net income for the fiscal year ending 30 April 2011. In the...
BBC Worldwide books $50 million write down of Lonely Planet
BBC Worldwide has revealed a £33.8 million (approximately A$50.6 million) write down of Lonely Planet in its latest financial results. In its annual report for the 2010-11 financial year, which is...
Random House records revenue, digital growth in 2010; ‘strong year’ for Australian operations
International publisher Random House has recorded a six percent increase in revenues, and a 26% increase in earnings before interest and taxes for the 2010 financial year. In its financial...
Harlequin records revenue drop in 2010; Oz, NZ markets record ‘record growth’
International publishing house Harlequin has recorded a five percent decline in revenue for the 2010 financial year, with sales for the year's fourth quarter down two percent from 2009 figures. The Australian...
Pearson records sales growth in 2010; Penguin Australia records overall growth of 0.8%
International publishing house Pearson has recorded 10% headline growth for the 2009-10 financial year, with a 21% increase of adjusted operating profit for the period. Taking into account portfolio changes and...
PMP announces $19.2 million write-down of Scribo business; 23.1% decline in print volume for books
PMP, the owner of book distribution business The Scribo Group, has recorded a net loss of $14.8 million for the first half of the 2010-2011 financial year. The company has also...
Quarto Group records revenue growth for 2010
International publisher Quarto Group, which has operations in Australia and New Zealand, has released preliminary financial results for 2010, recording a revenue increase of 7% in its publishing division and...
Largardere sales decline 4.8% in 2010; Hachette Australia ebook sales expected to ‘grow substantially’ in 2011
Lagardère Publishing, the French-based parent company of Hachette Australia, has recorded a 4.8% decline in total revenue for 2010. The publisher said in a financial statement last week that the...