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Interim Results

Bloomsbury adjusted pretax profits up

27 October 2015 07:23

Bloomsbury Publishing's turnover rose to £52.7 million in the six months to the end of August - up from £46.6 million last time.

Adjusted profit before taxation rose to£1.9 million (2014: £1.7 million) while profit before taxation was £0.3 million (2014: £0.5 million).

The interim dividend per share is 1.06 pence (2014: 1.02 pence).

Chief executive Nigel Newton said: "This has been a good period for Bloomsbury in both print and digital. "Our Children's and Educational division has delivered an exceptional performance, generating sales that were up 45% on the prior year. Key titles underpinning this growth were the Harry Potter Box Set and Harry Potter and the Philosopher's Stone: Illustrated Edition by J. K. Rowling, Paper Towns by John Green and several titles by Sarah J. Maas. "We have started the second half with a strong publishing list. There is tremendous interest in the illustrated edition of Harry Potter and the Philosopher's Stone and our list also includes Sweet Caress by William Boyd, Tom's Table by Tom Kerridge, River Cottage: Love Your Leftovers by Hugh Fearnley-Whittingstall, the fourth book in the Throne of Glass series by Sarah J. Maas, Queen of Shadows and the long-awaited John Le Carré: The Biography by Adam Sisman.

"Traditionally, sales of trade titles peak for Christmas and sales of academic titles peak in the autumn at the beginning of the academic year. We therefore expect our sales to be significantly second-half weighted, as in the past."

Story provided by StockMarketWire.com

Related Company: BMY

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