Canada’s Torstar reported results for the third quarter, with both sales and profits down again to book publisher Harlequin. Sales of $100.6 million (CA) were down $7.2 million (-6.7%) and operating profit of $13.3 million was $5.2 million lower than a year ago (-28%). The book unit has modest “restructuring and other charges” in the period of about $750,000. Digital comprised 25.2 percent of third quarter sales, compared to 20.3 percent a year ago, “largely reflecting growth in overseas digital revenues.” Looking forward, the company says “with revenues weaker than anticipated through the first nine months of the year, Harlequin’s […]
