In line with their brief first quarter report, Bloomsbury announced more detailed results for the first half of 2015. Overall sales 13 percent, up £6.1 million to £52.7 million, but profit before tax fell by £200,000 to £300,000. (Sales and profits are “significantly second-half weighted.”) The company had £600,000 in restructuring costs related to acquisitions and the restructuring of the Bloomsbury Information, an another £900,000 of amortization related to acquisitions. Continuing the story from last year, children’s division sales rose £16.3 million (up £5.1 million) on John Green’s Paper Towns and new Harry Potter editions, while underlying adult sales fell again. The adult division was up […]
