Bloomsbury provided a brief trading update, in advance of full preliminary results coming in June, saying that “revenue is expected to be ahead and profit well ahead of market expectations for the year ending 28 February 2021.” According to the board, the market expectation is sales of £161.8 million and pre-tax profit of £12.1 million. Sales for the previous year were flat at £162.8 million, with pre-tax profit of £13.2 million. Bloomsbury has not provided any formal guidance, so analysts have not had a lot to work with — though sales for the first half of the year were “stronger […]
