Press releases & announcements

3rd April 2007

Preliminary Results for the Year Ended 31 December 2006

Highlights

• Results in line with December trading update.
• Pre-tax profit of £5.2m (2005, £20.1m) on turnover of £74.8m (2005, £109.1m).
• Final dividend held at 3.00p (2005, 3.00p). Full year dividend increased to 3.66p (2005, 3.60p).
• Investment in future titles at the year end £30.77m (2005, £22.41m).
• Strong balance sheet with net cash of £24.3 million.
• Clear on-going strategy based on strong stable of authors.
• Good start to current year with a strong pipeline of titles including new books by Khaled Hosseini, author of The Kite Runner, and by JK Rowling with Harry Potter and the Deathly Hallows.

Commenting on the results and prospects for Bloomsbury, Nigel Newton, Chairman, said:

“2006 was a challenging year. These results are in line with the trading update we gave in December. Turning to the current year and beyond, we have in place a growth strategy which includes expanding on our current author relationships, developing new authors, web-based initiatives, content monetisation, leveraging our geographic presence, and acquisitions, all of which we believe will enhance and strengthen our position as a leading publisher.”

The full results are available to view and download in PDF format.

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