Bloomsbury Publishing (GB:BMY) has released an update.
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Bloomsbury Publishing reports a record-breaking year with a 30% increase in sales to £343m and a 57% rise in profits to £49m, attributing the success to a diversified portfolio strategy and strong demand for fantasy fiction, particularly titles by Sarah J. Maas. Despite a slight decline in non-consumer sales, the company’s digital resources continue to grow, aiming for a £37m turnover by 2027/28. The board proposes a 25% increase in the full-year dividend, reflecting confidence in the company’s continued growth trajectory.
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