Tuesday 24 October 2017

1916 books help Dubray post best year since recession

JK Rowling’s ‘Harry Potter and the Cursed Child’ was one of the children’s titles which helped boost Dubray Books
JK Rowling’s ‘Harry Potter and the Cursed Child’ was one of the children’s titles which helped boost Dubray Books

Family-owned independent bookseller Dubray Books last year enjoyed its "best trading performance since the recession" after recording profits of €495,589.

Dubray Books managing director Maria Dickenson said that the successful year enjoyed by the bookseller was primarily due to a strong trading performance by certain of the group's shops which are strategically located. The accounts filed by Dubray Books show accumulated profits increased by €495,589 from €824,228 to €1.3m in the 12 months to the end of August last.

Ms Dickenson said that sales were boosted during the year by strong Irish content from 1916-related titles; two books from the Happy Pear; Anne Enright's 'The Gathering' and Liz Nugent's 'Lying in Wait'.

Ms Dickenson - who joined the business as MD in 2014 after spending 16 years with Eason - said that the business also enjoyed great growth in children's books including JK Rowling's 'Harry Potter and the Cursed Child' and 'Irelandopedia'.

She said that business "is more challenging in 2017" for a number of reasons including "the absence of books to compete with the 1916 publishing boom last year".

"Stronger titles will surface mid-year with new titles from 'Girl on the Train' author Paula Hawkins and Irish literary giant Colm Tóibín," she said. "Our sources tell us that the Christmas 2017 publishing schedule is strong."

Dubray operates eight stores - Blackrock, Dun Laoghaire, Grafton St, Rathmines, Stillorgan, Galway city, Kilkenny and Bray.

The accounts show that numbers employed by the business last year decreased from 98 to 95 with staff costs increasing from €1.89m to €1.95m. The firm's cash pile increased during the year going from €444,999 to €676,819.

Ms Dickenson said that as a result of the more challenging 2017, the group "will continue to ensure that its cost base remains competitive whilst continuing to invest in the estate where there is a strong business case to do so".

Indo Business

Also in Business