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Bloomsbury Publishing H1 Profit, Revenue Rise; Expects Full-year Trading Ahead Of View

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Bloomsbury Publishing Plc (BMY.L) Thursday reported profit before tax of 22.1 million pounds for the first half, higher than 14 million pounds in the same period a year ago.

Operating profit increased to 22.1 million pounds from 13.6 million pounds last year.

Net profit was 16.6 million pounds or 20.10p per share, up from 11.2 million pounds or 13.66p per share a year ago.

Excluding one-time items, adjusted earnings of 24.68p per share rose 41 percent from 17.47p per share last year.

Revenue for the period grew 32 percent to 179.8 million pounds from 136.7 million pounds in the previous year.

"Bloomsbury's strong results reflect implementation of the recently announced Bloomsbury 2030 vision, focused on our growth, portfolio and people. We have achieved our fifth consecutive double-digit growth in the first half," said Nigel Newton, Chief Executive.

The company said its interim dividend will increase by 5 percent to 3.89p per share. The divined is to be paid on November 29 to shareholders of record on November 1.

For the full year, Bloomsbury sees trading to be ahead of the current consensus expectation.

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