Torstar reported first quarter results Wednesday morning, with Harlequin recording slightly lower sales and significantly lower profits compared to a year ago. Sales of $99 million (CA) were down $3.3 million or 3 percent, while operating earnings of $12.8 million fell more, down $4.3 million, a 25 percent drop from a year ago. But the company says, “Harlequin anticipated that earnings would be lower in the first quarter of 2014 relative to the very strong results posted in the first quarter of 2013 which represented the strongest quarter of 2013.” That contextualization is strange, however, if you actually look at […]
