Bloomsbury announced preliminary financial results for the year ended February 28 with sales of £326 million, down 9.7 percent from £361 million the previous year. Profit before taxation and highlighted items was up 7 percent to £44.9 million. In a statement that doesn’t fully align with the results, ceo Nigel Newton said in a release, “We have successfully pursued our long-term strategy of combining consumer and academic publishing which has created a portfolio of portfolios—a model that continues to provide Bloomsbury with diversification and resilient success.” In the consumer division, sales of £218 million were down £60 million or 21 […]
