Quarto reported earnings for the year ended December 31, 2020, with sales of $127 million, down from $136 million, a decline of 7 percent. US sales of $76 million were down by $4 million, as were non-UK sales in Europe of $17.4 million. Operating profit was $9.3 million, up modestly from $8.8 million, due to lower administrative expenses. Pre-tax profit of $6.6 million was up from $3.8 million a year ago, primarily due to lower finance costs after they paid down a portion of their debt. At noon in London, the stock was up more than 20 percent from previous close on the […]
