Bloomsbury finished their fiscal year ending February 28 well, riding digital growth to pre-tax profit of £9.8 million (up 16 percent), even as sales only nudged up $1.1 million to £98.5 million from continuing operations. Underlying sales — excluding the Fairchild Books and Applied Visual Arts acquisitions from during the year, were down 5 percent, to £92.5 million. eBook sales rose “strongly” as print declined, up 61 percent overall to £9.1 million. eBooks accounted for 13 percent of adult trade sales; in the US they comprised “27 percent of net title sales, but UK e-book sales are accelerating and now […]
