Bloomsbury Revenues Up 9% Last Quarter

Bloomsbury's total revenues have increased by 9% year-on-year in the three months ended 31st May 2016, driven by the children's publishing sector within its consumer division, the publisher revealed in a trading update this morning (13th July). Meanwhile, the company anticipates an increase of £500,000 in profit from its Australian market from March 2017.

Bloomsbury's current sales and distribution contract in Australia ends on 31st December 2016 and an agreement has now been reached which will see the company continuing with its existing partners in Australia and New Zealand, but taking in-house responsibility for selling to head office accounts of customers which comprise about half of ANZ sales.