Bloomsbury reported results for their fiscal year ending February 28, with sales rising 11 percent of £109.5 million, but profit after tax of £9.5 million was down slightly (from £9.8 million the year before). All three major publishing divisions — adult trade; children’s and educational; and academic & professional — showed gains during the year, which “mitigated a fall in higher-margin rights and services revenues.” Those sales fell 26 percent to £8.5 million, with “fewer [copyright licensing] deals completed and at lower amounts.” Digital sales overall rose by 21 percent to £12.2 million, and now comprise 12.1 percent of revenues […]
