'Robust' Bloomsbury Looks to Academic Growth

Bloomsbury has announced an 11.5% rise in turnover to 103.2m (up from 92.6m in 2011) for the year ending 29th February 2012. Total continuing turnover was up 16.9% to 97.4m (83.3m). Pre-tax profit was up 13.6% to 4.8m (4.3m). Pre-tax profit before acquisition costs, restructuring and relocation costs and a loss on disposal of German subsidiary Bloomsbury Verlag was up 25.2% to 9.4m (7.5m). Continuing pre-tax profit before those costs was up 53% to 12.1m (7.9m). The company cited 159% growth of e-book sales to a total of 5.7m (up from 2.2m in 2011). Meanwhile Bloomsbury's Academic & Professional