Statistics Canada Releases New Book Publishing Sales, Revenue, Earnings Data
“From Statistics Canada:
The Canadian book publishers industry generated operating revenue of $1.6 billion in 2016, down 0.6% compared with 2014.
Operating expenses decreased 1.4% to $1.5 billion, resulting in an operating profit margin of 10.2%. Salaries, wages, commissions and benefits totalled $379.7 million in 2016, down 1.9% from 2014, and accounted for the largest portion of total operating expenses (25.7%).
Other large contributors to total operating expenses were cost of goods sold (20.1%) and subcontracts (15.4%)
Total sales amounted to $1.5 billion in 2016. Of total sales, Canadian book sales increased 0.5% from 2014 to $1.4 billion in 2016, while all other sales declined 7.9% to $108 million. Of the $1.4 billion invCanadian book sales generated in 2016, 53.8% was attributable to foreign controlled firms, while 46.2% was generated by Canadian controlled firms.
Domestic sales accounted for 81.0% of Canadian book sales, while export sales made up the remaining 19.0%. Exports sales increased 11.8% in 2016 to $260.5 million.