# Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels
Published: 2023-05-31
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: Harry Potter publisher Bloomsbury's annual profit rises
Meta Description: Explore how Bloomsbury's profit surged with demand for Harry Potter novels and online learning resources. Increase in final dividend proposed.
URL: https://brandsjournal.com/harry-potter-publisher-bloomsburys-annual-profit-rises-as-readers-lap-up-novels/

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## Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels   (Reuters) -Bloomsbury Publishing posted a rise in full-year profit on Wednesday, helping the Harry Potter publisher propose a 10% hike in final dividend, as readers lapped up novels and online learning boosted demand for its digital academic resources.    A string of acquisitions to boost its portfolio and resilient demand for books as a form of affordable entertainment have helped [Bloomsbury](https://brandsjournal.com/publisher-bloomsbury-casts-upbeat-forecast-says-books-affordable-pastime/) keep up demand amid still-high inflation.    Bloomsbury’s profit before tax stood at 31.1 million pounds ($39.25 million) for the year ended Feb. 28, compared with 26.7 million [pounds](https://brandsjournal.com/britains-co-op-profit-slides-after-petrol-forecourt-sale/) a year earlier. Revenue rose 15% to 264.1 million pounds.    Trading for the year has started in line with the company’s expectations, [Bloomsbury](https://brandsjournal.com/publisher-bloomsbury-casts-upbeat-forecast-says-books-affordable-pastime/) said, adding that it had proposed to increase its final dividend to 10.34 pence per share.    ($1 = 0.7923 pounds)    (Reporting by Eva Mathews in Bengaluru; Editing by Subhranshu Sahu)


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