Quarto reported first quarter sales of $32.6 million, up 5 percent from a year ago and the first time the company has reported earnings in US dollar values, which means “the impact of currency is much reduced.” EBIDTA rose slightly to $5.28 million and operating profit was up by 10 percent to $500,000, the margins still relatively slim on what they deem a “very quiet period.” Ceo Laurence Orbach commented in a statement that Quarto was “making good progress on its growth strategy,” which included the February acquisition of Cool Springs Press. With respect to ebooks, Quarto expects to generate […]
