Bloomsbury Publishing has today forecast its full-year results to come in line with market expectations, after the Harry Potter publisher reported a higher first-half profit, buoyed by strong demand for its novels and academic resources.
The publisher is perhaps best known for picking up JK Rowling's Harry Potter series in 1997 after its rejection by a dozen others.
It said it was benefiting from diversifying into digital learning along with resilient demand for its popular fantasy novels.
"Results demonstrate the strength of our strategy of publishing for both the consumer and academic markets," CEO Nigel Newton said in a statement.
Full-year profit before tax and highlighted items is expected to be in line with average analyst expectations of £32.5m, according to a company-compiled consensus.
The London-listed publisher reported profit before tax and highlighted items of £17.7m for the six-month period ended August, compared with £15.9m a year earlier.
Bloomsbury also raised its interim dividend to 3.70 pence per share, compared with 1.41 pence in the year-ago period.
