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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 £37.6 million on revenue of £319.3 million. This would be down from £48.7 million profit on £342.7 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’. Bloomsbury is holding its annual general meeting on Tuesday. ‘The board is confident in the medium and long-term strategy for Consumer and investing in Academic & Professional Publishing, with the benefits of digital content,’ the company says. Current stock price: 712.92 pence 12-month change: up 61% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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