“The bookseller made a £9.8m pretax profit in the year to 30 April 2016. The previous year is made a £4.5m loss. Bought from HMV by the Russian billionaire Alexander Mamut in 2011 for £53m, Waterstones has shrugged off the rise of ebooks and Amazon to record a 4.3% increase in sales to £409m. Sales growth has continued in the past year, with a 4.7% rise over Christmas.”