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Harry Potter and H.C. Andersen boost Danish publisher's profits

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Copenhagen (dpa) - Teenage wizard Harry Potter and Denmark's famed storyteller H.C. Andersen have helped boost the 2005 earnings of Gyldendal, Denmark's largest publisher, the company said Thursday.

Gyldendal has raised its profit expectations for 2005 owing to the strong sales, manager Stig Andersen told financial news wire RB-Borsen.

"We have sold 120,000 copies of the sixth Harry Potter novel," Andersen said without detailing how much the publisher earns on Potter.

This year was also the 200th anniversary of H.C. Andersen's birth, and Gyldendal has made money on printing special editions of Andersen's beloved stories.

Gyldendal expects turnover to be 725-735 million kroner (roughly 114-116 million dollars) compared to previous estimates of 675-685 million kroner (106-108 million dollars).

Pre-tax profits would likely be in the range of 70 million kronoer (11 million dollars) about a third more than previous estimates.

Copyright 2005 dpa Deutsche Presse-Agentur GmbH

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