Bloomsbury Publishing PLC's (LSE:BMY) Nigel Newton joins Proactive London's Katie Pilbeam to talk through the drivers of their best ever sales and profits in the first half of 2021.
He explains how the firm has successfully mitigated print supply chain challenges as booksellers significantly increased stock levels.
Revenue hit £100.7mln for the six months to 31 August, up 29% on the same period last year. The Consumer arm grew 29% to £62.9mln and Non-Consumer by 27% to £37.7mln, both helped by acquisitions completed during the period.
The publisher has also announced a 5% increase to the interim dividend to 1.34p per share and said with net cash of £43.7mln and continued cash generation it is eyeing further acquisitions and investment in organic growth.
