StockMarketWire.com - Bloomsbury's adjusted pre-tax profits rose by 74% to £2.5m in the six months to the end of August.

Total revenues were up 15% at £72.1m with digital revenues up 15% at £8.9m and print revenues up 16% at £60.1m.

Pre-tax profits rose to £1.7m from £0.1m and the interim dividend of 1.15p per share is up 5%.

Chief executive Nigel Newton said: 'It has been a very strong six months for Bloomsbury. Revenues are up 15%, with good growth in each of our territories.

'The Children's Trade division delivered another outstanding performance, increasing revenues by 33%.

'The Group is trading in line with the Board's expectations for the full year.

'We have a strong second half list including the Illustrated Edition of Harry Potter and the Prisoner of Azkaban, the Illustrated Edition of Fantastic Beasts and Where to Find Them and two major books to accompany the British Library's Harry Potter exhibition, which was launched last Thursday to huge public acclaim. Our cookery list for the second half includes A Baker's Life by Paul Hollywood, Lose Weight for Good by Tom Kerridge and River Cottage Much More Veg by Hugh Fearnley-Whittingstall.

'October is the peak period for academic book sales and Christmas for the sales of consumer books. We therefore expect our results to continue to be second-half weighted, as in past years.

'We have successfully launched two new major digital resources this period and are on track to launch a further two new resources this year, one more than originally planned in the Bloomsbury 2020 growth plan.'










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