Harlequin record a strong fourth quarter, with sales of $126 million (CA) up over 18 percent from a year ago, and ebitda of $18.4 million up more than 30 percent. Good results were made even stronger by the decline of the Canadian dollar against the US dollar, and they say that “Harlequin’s revenues, to date, have not been significantly affected by the global, and in particular, U.S. economic situation.” But parent Torstar suffered overall, with writedowns producing a net loss of $211 million for the quarter. They are cutting their dividend in half, and “as part of a planned transition,” […]
