Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 03 15T073803Z 1 LYNXMPEJ2E099 RTROPTP 4 BLOOMSBURY PUBG OUTLOOK - Business Express

Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’

(Reuters) -Bloomsbury Publishing Plc forecast full-year profit to be well ahead of expectations on Wednesday, encouraged by the robust demand for it fantasy novels and academic digital resources.

“Throughout a year which has been characterised by rising inflation and cost of living pressure, it is notable that reading remains hugely popular throughout the world, with books regarded by many readers as an affordable pastime,” Chief Executive Officer Nigel Newton said in a statement.

The London-listed publisher, best known for picking up J.K. Rowling’s Harry Potter series in 1997 after its rejection by a dozen others, said it expected profit before tax for the year ended Feb. 28 to be about 30 million pounds ($36.46 million), compared with the company compiled analyst consensus of 26.9 million pounds.

British author Samantha Shannon’s political fantasy novel ‘A Day of Fallen Night’ became an instant bestseller worldwide after its release in February, while American fantasy author Sarah J. Maas’ titles continued to see strong sales, the publisher said.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

The company added that it expected revenue to be over 260 million pounds, while analysts currently expected it to be about 242.6 million pounds.

($1 = 0.8228 pounds)

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich)


Recent Post: