Bloomsbury Expects Strong Year Ahead, Boosted by Fiction Sales

Mar 20 (Reuters) - Bloomsbury Publishing (BLPU.L), UK-based publisher of Harry Potter novels, stated yesterday that its year-ahead trading would exceed expectations based on strong sales of fiction works and its extended academic publications.

The publishing company, known for delivering more than expected, has witnessed profit skyrocket due to demand for Sarah J. Maas' 'romantasy' novels such as the "A Court of Thorns and Roses," or ACOTAR, series.

It has also recently ventured into the field of scholarly books and online resources, with ambitions to roll out the latter to universities and academic institutions across the world.

Bloomsbury assumes consensus market forecast for the year to February 28 before Thursday's statement to be revenue of 333.4 million pounds ($432 million) and pre-tax profit of 39.6 million pounds. ($1 = 0.7715 pounds)

Post a comment

Your email address will not be published. Required fields are marked *

Your Name

Your Email

Your Website

Leave a Reply

Captcha

Post Comment

0 comments

Sorry! No comment found for this post.