Bloomsbury increases 2013 full year dividend by 5.8%

DividendMax Ltd.

Bloomsbury increases 2013 full year dividend by 5.8%

Financial highlights

The highlights for the year ended 28 February 2013 include:

Continuing profit before tax and highlighted items up 3% to £12.5 million (2012: £12.1 million)

Continuing profit before tax up 16% to £9.8 million (2012: £8.5 million)

Continuing turnover up 1% to £98.5 million (2012: £97.4 million)

Total dividend increased by 5.8% to 5.50 pence per share (2012: 5.20 pence per share)

Net cash increased to £14.6 million (2012: £12.6 million)

Operating highlights

Academic & Professional business fulfilling promise

o Successful development of academic list integrated with trade

o Voted Academic, Educational and Professional Publisher of the Year at the Bookseller Industry Awards

o Bloomsbury Academic & Professional voted Publisher of the Year by the Independent Publishers Guild

o Now generates 29% of continuing Group sales (2012: 24%)

o Acquisitions of Fairchild Books and Applied Visual Arts Publishing

Digital sales continuing to flourish

o Huge e-book growth with sales increasing by 61% to £9.1 million (2012: £5.7 million)

o Innovative online knowledge hubs including The Churchill Archive and Drama Online

Companies mentioned