(NewsDirect)
Bloomsbury Publishing PLC (LSE:BMY)founder and chief executive Nigel Newton CBE speaks to Thomas Warnerfrom Proactive after the leading independent publishing housepublished its interim results for the six months to 31 August2023.
Newton starts by saying thatthe team is "thrilled to have its fourth consecutive double-digitgrowth performance in both sales and profits" for one of its firsthalves, adding that the decision to branch out into academicpublishing has given the company an almost uniquely well-balancedcalendar that protects from the more typical heavy weighting of salestoward the Christmas season.
He goeson to explain more about how Bloomsbury has been delivering organicgrowth, highlighting the strong performance of its fantasy offeringand hinting at further investment in the genre as well as in sciencefiction. The company announced in its interim statement that itcurrently holds around £39.1mln in cash, and Newton says that havingalready completed more than 30 acquisitions Bloomsbury remains on thelookout for fresh opportunities.
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