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Harry Potter publisher rides reading boom to post 40% jump in profits
2022.06.15 09:46
FILE PHOTO: A child holds a copy of “Harry Potter and the Order of the Phoenix,” at Waterstone’s bookshop in central London 21 June, 2003 REUTERS/Sinead Lynch
(Reuters) – Bloomsbury Publishing Plc on Wednesday reported a 40% jump in annual profit, buoyed by a continued boom in reading which had picked up during the pandemic lockdowns.
The Harry Potter publisher said it “achieved its highest ever results”, as profit rose to 26.7 million pounds ($32.07 million) and sales grew 24% to 230.1 million pounds.
($1 = 0.8326 pounds)
