LONDON, March 20, 2002 (PRIMEZONE) -- Bloomsbury Publishing Plc (LSE:BMY) is pleased to announce preliminary results for the year ended December 31, 2001.
Highlights
-- Turnover: increased by 20.6% to 61.14m pounds (2000, 50.68m)
-- Pre-tax profit before goodwill amortisation: increased by 62.5% to
9.35m pounds(2000, 5.76m pounds)
-- Basic earnings per share before goodwill amortisation: increased
by 47.5% to 38.41 pence (2000, 26.04 pence)
-- Dividend: increased by 26% to 6.3 pence for the year (2000, 5
pence)
-- Net cash balances: increased 173.8% to 15.01m pounds (2000, 5.48m
pounds). Net cash on deposit excludes 1.78m pounds(2000, 1.99m
pounds) set aside for loan note holders
-- 4.70 million pounds raised for Comic Relief
Nigel Newton, Chairman of Bloomsbury Publishing, commenting on the company's outlook for the future, said: "The prospects for Bloomsbury in 2002 with the growth of our backlist, export, American and electronic sales are set to be excellent. The strength of our publishing list, which includes new novels by Joanna Trollope and Donna Tartt, the Business encyclopaedia, and the next huge surge in Harry Potter sales, will drive the group's future success."
There will be a presentation to analysts today at 9.30 a.m. at Dresdner Kleinwort Wasserstein, 20 Fenchurch Street, London EC3P 3DB.
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