Crime-writing pays for Irish author as profits at book firm rise to almost €1m
Crime - the fictional kind - is paying off handsomely for Dublin crime writer John Connolly with accumulated profits at his book firm hitting almost €1m.
New accounts filed by the creator of the 'Charlie Parker' series show that Connolly's Bad Dog Books recorded profits of €215,815 last year, following profits of €150,423 in 2015. The firm's cash pile dropped last year from €197,083 to €178,439.
Accumulated profits last increased from €771,714 to €987,529.
The strength of the balance sheet was enhanced by the value of the company's intangible assets going up from €400,000 to €1m. A graduate of Trinity College Dublin, Connolly has been a regular on best-seller lists since his debut novel and Charlie Parker book, 'Every Dead Thing' in October 1999.
Figures from Nielsen Bookscan show that his books have clocked up sales of €13.5m in Ireland and the UK. Connolly has sold 1.55m copies in the much larger UK market with 256,377 copies sold here.
Nielsen Bookscan capture around 80pc of book sales and the breakdown shows that Connolly has recorded £9.4m (€10.7m) in sales in the UK with €2.89m sales here.
Authors only receive a small portion of sales revenues through royalties as the income is shared between author, publisher, printer and retailer.
The accounts show that in spite of Connolly's consistently strong sales, he took comparatively little by way of pay, sharing €37,434 with a fellow director in 2016.