After a poor 2015, 2016 showed much promise for Simon & Schuster UK, despite releasing 100 fewer books.
The Bookseller reports Simon & Schuster UK reversed a £132,000 loss in 2015 to end 2016 with pre-tax profits of £3.76 million.
Ebook sales fell, perhaps in part due to the company’s decision to keep frontlist ebook prices high compared to their print counterparts, but this was “more than offset by sales of physical books,” according to CEO Ian Chapman.
And with sales to date up 4% year on year profits are set to double in 2017.
