(Reuters) – Britain’s Bloomsbury Publishing said on Thursday its annual trading will beat market expectations, on the back of robust demand for its fiction titles and newly-expanded academic books.
The publishing house, which has a track record of exceeding expectations, has seen profit soar from demand for Sarah J. Maas’ ‘romantasy’ titles like the “A Court of Thorns and Roses”, or ACOTAR, series.
It has also recently expanded into the arena of academic books and digital resources, with hopes to expand the latter to universities and academic institutions globally.
Bloomsbury considers consensus market expectation for the year ending February 28 prior to Thursday’s announcement to be revenue of 333.4 million pounds ($432 million) and pre-tax profit of 39.6 million pounds.
($1 = 0.7715 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)
