Quarto released full-year results for the year ended December 31, 2018, with revenue of $149 million, down from $153 million in 2017, or 2 percent, “in a time of continued softness in the marketplace and of considerable transition for the group,” according to ceo C.K. Lau, alluding to last year’s dramatic boardroom coup and ensuing reorganizations. The company still isn’t making money, with a pre-tax loss of $100,000, but that’s a lot better than the heavy losses in 2017. Exceptional items were more modest, but still cost $5.2 million for the year — with $2.9 million in reorganization costs, $0.8 […]
