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Quarto Has Good Finish to A Hard Year

March 29, 2018
By Michael Cader

Quarto reported “poor results” for the full year of 2017, but after a very weak first half and a profit warning in November, sales for the second half of the year from continuing operations were up 5.8 percent. For the full year, continuing sales were $152.5 million, down $2.1 million, with an operating loss of $17.9 million, compared to an operating profit the previous year of $16.1 million. Their after tax loss was $18.5 million, compared to a loss of $5.3 million a year ago. The company notes that operating margin “was impacted by a combination of factors including high […]

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Filed Under: Earnings Reports, Publishers

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