Bloomsbury reported results for the fiscal year ending February 29, with total sales up 11.5 percent (£10.7 million) to £103.2 million and pre-tax profit up 53 percent to £12.1 million, as compared to £7.9 million a year ago. That number drops to £4.8 million when accounting for the sale of Bloomsbury’s German unit (which they now admit was a money-loser) and the acquisition of Continuum, as well as relocation and restructuring costs. (The company’s reporting returns to a normal 12-month fiscal year, after using a 14-month fiscal year for 2011 to account for various adjustments, which makes some of the […]
