For the six months ended June 30, International coedition and publishing group Quarto made a pretax loss of 3.1 million pounds against a 400,000 pound profit last time as revenues rose to 43.8 million pounds from 36.6 million pounds. Revenue increased by 20% to £43.8m on an adjusted basis, with underlying sales growth of 4%. Adjusted operating profit was £2.3m, growth of 33%, or 4% on an underlying basis. The group’s actual operating loss was £1.3m, compared with an operating profit in the same period last year of £1.6m. The loss came after restructuring costs of £2.7m associated with the […]
