Bloomsbury raises profit outlook as book sales soar during lockdowns
In second upgrade this year, the group says profit will be significantly ahead of market expectations
24 March 2021 - 20:29
Bengaluru — Harry Potter publisher Bloomsbury said on Wednesday profit for fiscal year 2020 will be significantly above market expectations as people bought more books during pandemic lockdowns.
“The popularity of reading during lockdown is a ray of sunshine in an otherwise very dark last year,” CEO Nigel Newton said, adding that February, the final month of its financial year, saw exceptional sales...
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