Bloomsbury reports strong UK trading

Bloomsbury Publishing said trading within the United Kingdom had remained strong, although overseas retail book markets were weak.
By The Newsroom
Published 27th May 2011, 10:23 BST

Demand for digital delivery, including e-books, is increasing significantly; it will change the publishing business model creating one worldwide market,” chief executive Nigel Newton said in a statement.

The publisher’s e-book sales rose to £1.5m in 2010 from 79,000 pounds in 2009.

This year January to March sales were £1.1m.

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The company, which has changed its year end to February 28, reported adjusted pre-tax profit of £7.7m on revenue of £103.4m for the 14-month period ended February 28.

The board is recommending a final dividend of 0.28 pence per share.

Together with the interim dividend and second interim dividend, the total dividend for the 14-month period is 5 pence per share.