Press releases & announcements

13th September 2005

Interim results for the six months ended 30 June 2005

• Revenue up 14.3% to £35.37m (2004, £30.94m)
  
  
• Pre-tax profit before exceptional items increased 12.4% to £4.08m (2004, £3.63m)
  
  
• Basic earnings per share before exceptional items increased 9.0% to 3.99p (2004, 3.66p)
  
  
• Interim dividend up 14.9% to 0.600p (2004, 0.522p)
  
  
• International activities producing clear benefits, with Bloomsbury increasing its publishing programme in the US and Germany
  
  
• Latest Harry Potter title has broken all launch records
  
  
• Strong publishing lists for second half and into 2006
  
  
• Well positioned for further growth
  
  
• Board confident of a satisfactory outcome to the year and reiterates expectation that profit before tax and goodwill impairment, if any, will be not less than £20m for the year ended 31 December 2005.

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

“ Bloomsbury has produced a strong set of interim results for the first half, reflecting the success of new titles, the growth of our publication programme and the increasing international expansion of the Group. Our overseas operations in the USA and Germany continue to build on their successes and the Group’s ability to publish its titles in the world’s three largest book markets is producing clear gains.

“We remain confident of a satisfactory outcome to the year and reiterate our expectation that profit before tax and goodwill impairment, if any, will be not less than £20 million. Prospects in 2006 and beyond are strong.”

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