The Bookseller reports that Profile Books has posted its best ever set of results following the success of its quirky New Scientist titles and the acquisition of fellow independent Serpent’s Tail. In full year results to 31st March 2007, turnover was up 9% on 2005/6 to just over 9m pounds and operating profit increased by 56% to 2.1m pounds, representing 23% of turnover.The results include three months’ trading of Serpent’s Tail, which Profile acquired on 1st January 2007. The integration of the two businesses was completed in late January and Serpent’s Tail is now part of the Independent Alliance.
Andrew Franklin, Profile m.d., said: “We’re pleased to announce some great results and with the acquisition of Serpent’s Tail it’s been a very exciting time for the company…In the end it’s only the books that matter.”
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