26th Oct 2022 11:39
(Alliance News) - Bloomsbury Publishing PLC on Wednesday reported its highest revenue and profit ever as it continues to benefit from a boom i book reading.
For the six months to August 31, the London-based publisher the Harry Potter books reported a pretax profit of GBP12.9 million, a record in the company's history, up 17% from GBP11.1 million a year ago. The firm said revenue rose 22% to a record GBP122.9 million from GBP100.7 million.
Bloomsbury increased its interim dividend by 5.2% to 1.41 pence per share from 1.34p.
Bloomsbury was boosted by a 69% surge in digital resources revenue to GBP13.6 million from GBP8.0 million a year ago. Profit from the unit more than doubled to GBP6.6 million from GBP2.8 million.
Net cash however decreased by 5.0% to GBP41.5 million from GBP43.7 million.
Bloomsbury shares were 4.8% higher at 427.98 pence each in London on Wednesday morning.
By Tom Budszus; [email protected]
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