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Profit Spike for Random House UK

The Bookseller reports that Random House Group UK is understood to have made 45.3m pounds in operating profits in 2006 – marking a 5% lift on the previous year (43m pounds). Annual turnover is understood to have leaped 8% in the period, from 250m pounds to 271m pounds, following organic growth and the acquisition of BBC Books. Chief executive Gail Rebuck said: “Last year [2006] was a surprisingly strong year, characterized by diversification with the acquisition of BBC Books and the growth of our non-fiction publishing; [and] innovation with a range of very successful new authors and investment in our future growth.”

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