Bloomsbury Australia revenue up 14%
Bloomsbury Australia’s revenue is up 14% for the year ended 28 February 2014. Bloomsbury Australia recorded revenue of £6.365 million (A$11.58 million), up from £5.583 million (A$10.16 million) in the...
Penguin Random House results
Bertelsmann, which owns 53% of the recently merged entity Penguin Random House, has released its annual financial report. The report ‘reflects a full year of Random House … and a...
Amazon reports 22% fall in profits in 2012
In the US, Amazon has announced its full-year results, revealing that it lost $39 million net (A$37.3 million) in 2012, reports Publishers Weekly. For the full year, sales increased 27%...
Amazon reports third quarter loss
Amazon has reported a third quarter net loss of US$274 million (approximately A$264 million) on a sales increase of 27%, to US$13.8 billion (approximately A$13.3 billion), reports Publishers Weekly. The...
WH Smith ebook performance ‘ahead of plan’, profits before tax up 10%
British retailer WH Smith, which operates eight stores in Australia, says its performance in the ebooks market, where it sells ebooks in partnership with Kobo, ‘continues to be ahead of...
Booktopia revenue up 46.5%
Booktopia had achieved revenues of $20.8 million, excluding GST, for the 2011/12 year, up 46.5% from $14.2 million in 2010/11, according to CEO Tony Nash. Nash told Bookseller+Publisher this growth...
OPUS reports $1.8 million loss, but McPherson’s ‘merger benefits tracking ahead of plan’
OPUS group, which acquired McPherson Printing Group earlier this year, has announced a $1.8 million loss after tax for the financial year ended 30 June 2012. However, this was up...
NewsCorp results: Ebook sales ‘more than doubled’ for HarperCollins
Sales of its ebooks have ‘more than doubled’ for HarperCollins Australia and New Zealand for the 2011/12 financial year, according to CEO James Kellow. Kellow’s comments come after HarperCollins worldwide...
‘Fifty Shades’ gives PMP ‘strong finish to the year’
PMP, parent company of book printer Griffin Press, has announced a ‘strong finish’ to the financial year for its book printing business, thanks to Fifty Shades of Grey (E L James,...
Wiley announces results; planned changes ‘unlikely to significantly affect activities’ in Australia
Wiley has reported revenue in the Asia Pacific division of its Global Education segment fell by $13 million (approximately A$12.7 million) or eight percent in the fourth quarter, ‘reflecting softness in the...
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...
Annual results: Scholastic benefits from sales of ‘Hunger Games’ trilogy
Scholastic has announced that sales at the company rose 14% for the year ending 31 May, rising to US$2.15 billion (A$2.04 billion) from US$1.89 billion (A$1.79 billion) in 2011. Scholastic said...
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...
HarperCollins Australia reports year-end profits ‘ahead of expectations’
NewsCorp, parent company of HarperCollins Australia has reported an increase in its book publishing sector's operating income. HarperCollins globally reported full-year segment operating income of US$88 million (A$91), an increase...
Lonely Planet moves into profit as digital grows
Lonely Planet has ‘moved from a loss of £(3.2)million [$A5.7 million] last year to a profit of £1.9million [A$3.4 million] ', according to the 2009/10 full-year financial report of parent...
S&S reports a successful year locally; ‘a difficult year’ worldwide
The 2009 financial year was Simon & Schuster's most successful in Australia and New Zealand since the phenomenal success of The Secret in 2007, according to managing director Lou Johnson....
Quote of the week
'I think the WBN is at risk of boring its readers, and Hachette in danger of pumping up its own tyres, as this has been widely reported before. Simply put, Hachette...
McGraw-Hill global revenue drops, ‘excellent year’ locally
McGraw-Hill Companies, parent company of McGraw-Hill Australia, has reported a decline in revenue at McGraw-Hill Education of 9.5% for 2009. Revenue dropped to US$2.1 billion (A$2.4 billion) and operating profit...
Lonely Planet results: overall profit down but digital revenues up
The travel market is ‘increasingly challenging', according to Lonely Planet owner BBC Worldwide, which has released its annual results. The results are for the 2008/2009 full year, compared to the...
‘Terrific result’ for Penguin
Penguin has achieved a strong set of results, with profits up 26% to £93 million (A$206 million) and sales up seven percent to £903 million (A$1996 million). The figures, representing...