26 October 2011
Bloomsbury Publishing Plc today announces six month results for the period ended 31 August 2011.
To view a full version of the results in
The highlights for the six months ended 31 August 2011 include:
* Highlighted items include amortization of intangible assets, acquisition costs, restructuring and relocation costs.
Commenting on the results, Nigel Newton, Chief Executive, said:
"We have enjoyed a strong first half to the year with both the UK and US performing above expectations. 2011 remains the year of the ebook, with our sales in the first half surging by 564%. Our early-mover advantage and the investment we have made, means we are well positioned to benefit from continued digital growth. Our Academic & Professional division was bolstered by the transforming acquisition of Continuum in July, providing us with more stable and predictable income streams.
We believe that our restructured business of one global Bloomsbury has a firm foundation and an excellent management team, which, combined with continuing ebook growth and our strong content, will enable us to deliver results in line with our expectations. In our 25th anniversary year, we believe our global strategy provides Bloomsbury with a firm foundation on which to continue to grow the business."
For further enquiries:
Daniel de Belder/Rosanne Perry, Pelham Bell Pottinger
|+44 (0) 20 7861 3232
|Nigel Newton, Chief Executive, Bloomsbury Publishing Plc
+44 (0) 20 7631 5630
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