With no Harry Potter paperback, full-year sales at Bloomsbury fell 12.7 million pounds at 87 million pounds for the year, as adjusted pre-tax profit dropped 35 percent to 7.71 million pounds. The company finished the year with total cash of 35 million pounds. The company says that profits were “ahead of consensus market forecasts achieved under difficult trading conditions.”
US sales rose 1.46 million pounds to 18.78 million, with profit of 450,000 pounds before central cost recharges, but sales fell at Berlin Verlag, down over 2 million pounds at 9.55 million, which had its first operating loss since 2004.
Their continuing strategy is “stabilization of the group’s revenue streams through the steady development of its professional and academic arm, the further growth of its successful ventures in the Gulf, constant and rigorous attention to its core trade publishing activities and digitization of its activities across the entire group.”
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