S&S Credits The Secret, Lower Royalty Write-Offs for Q1

May 2007
Book Publishing Report;May2007, Vol. 32 Issue 5, p7
Trade Publication
The article reports on the success of the book "The Secret," by Rhonda Byrne, published by Simon & Schuster Inc. in the U.S. The author explains that the increase in its sales can be attributed to lower royalty write-offs, lower information technology (IT) costs and higher distribution fees. During the first quarter of 2007, the publisher's revenue grew into $229.3 million. Moreover, the operating profit rose to $21.4 million compared to $3.7 million in 2006.


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