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Posts Tagged ‘Profile Books’

Profile Reports Best-Ever Results

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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Profile Acquires Serpent’s Tail

In a statement available on the Serpent’s Tail website today, the company announced that they will join forces with Profile Books, bringing together two of the most distinctive, highly regarded and fiercely independent small publishers in London.

Andrew Franklin, managing director of Profile Books, said Serpent’s Tail has “one of the great international lists of the world and taking it on is both thrilling and daunting. We are very excited to be publishing fiction – and of such exceptional quality but we are only doing this because Pete [Ayrton] is staying on and will continue editing and publishing his authors exactly as before.” Ayrton added that the merger “guarantees that Serpent’s Tail remains within the independent sector. It also means I can devote myself to publishing and editing – a dream come true. 20 years is long enough to be on your own.”