16th Jul 2024 13:20
Bloomsbury Publishing PLC - London-based book publisher whose titles include the Harry Potter series - Says trading is in line with recently upgraded expectations, with a strong performance in the first four months of its financial year. This runs to the end of February next year. Bloomsbury puts current consensus market expectations at profit before tax and special items of GBP37.6 million on revenue of GBP319.3 million. This would be down from GBP48.7 million profit on GBP342.7 million in revenue in financial 2024. Bloomsbury highlights growth of its Non-Consumer division, boosted by its acquisition at the end of May of the academic publishing business of Rowman & Littlefield, "making Bloomsbury a leading US academic publisher with about 97,000 titles". Read More
