Bloomsbury on course

Nicholas Clee
News - Publishing 15 Jan 2009

Bloomsbury has issued a trading statement asserting that its sales in 2008 were 'in line with expectations'. In 'difficult market conditions', the publisher had substantial bestsellers in A Thousand Splendid Suns, The Tales of Beedle the Bard, and The Kite Runner, and also enjoyed successes with The Snowball: Warren Buffett and the Business of Life, the prize-winning The Suspicions of Mr Whicher, The Big Fat Duck Cookbook, Just Me, and The Graveyard Book. Bloomsbury bought Featherstone, Berg, John Wisden and The Arden Shakespeare, and launched a new division, Bloomsbury Academic.
In 2007 - the year of publication of Harry Potter and the Deathly Hallows - Bloomsbury had sales of £150.21m, and pre-tax profit of £17.86m. For the first six months of 2008, revenue was £42.1m ( £51.4m in 2007), and pre-tax profit was £19.4m (2007, £21.8m).
Bloomsbury's share price this morning (15 January) was 155p, up 2p. The company's preliminary 2008 results will be announced on 31 March.

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