BLOOMSBURY has seen profits during the first six months of the year plummet by almost 50 per cent, as the publishing house puts its hopes on a November re-launch of the Harry Potter series to pull it back up to 2009 levels.
For the period ended 30 June, Bloomsbury saw profits of £949,000, which were 48 per cent down on last year when profits came to £1.8bn.
Bloomsbury is hoping that a pipeline of new releases in the second half of the year, which is traditionally stronger for the publisher, will push its figures back up.
In November the group will re-launch the Harry Potter series, which will have new jackets, to coincide with the release of the latest film in the cinemas.
Meanwhile, revenue at the publisher rose to £36.8m during the first six months of the year, a marginal increase from the £35.3m it posted in 2009.