Full-year sales at The Quarto Group rose 13 percent to 112.7 million pounds, but only because of the full-year integration of their MBI acquisition and the late-year rally in the dollar. Adjusted operating profit rose 23 percent to 6.4 million pounds, but actual operating profit plunged over 45 percent to 5.25 million pounds. As part of the report, the board said it “is discussing whether to change the group’s reporting currency from sterling to the US dollar” which “would give a more nuanced view of performance.” Chairman Laurence Orbach tells shareholders that “November was horrible…. Books commissioned in earlier years […]
