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Bloomsbury Announces Profits

Bloomsbury
Posted by: Melissa
April 03, 2006, 12:34 PM

Bloomsbury, the publisher of the UK Harry Potter books, will be announcing major profits this week, according to Wales.co.uk.

"Bloomsbury has put investors on standby for profits of at least £20m, so debate in the City is focused on whether it can beat that benchmark. Six analysts suggest Bloomsbury will report pre-tax profits of £20.2m tomorrow, compared with £16.4m a year earlier.
The past year was dominated by Harry Potter &The Half-Blood Prince which beat sales expectations and heightened interest in the earlier novels. It also encouraged Bloomsbury to publish an audio book for the first time."

UPDATE: Record-breaking sales of HBP contributed to Bloomsbury's announcement today that its full-year profits increased by almost 25%, to £20.13 million (over $35 million USD). The announcement did not include, as was hoped, a release date for the seventh and last book of the Harry Potter series. More information, from the Times is here, and from the Scotsman, here.

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