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August 4, 2021By Michael Cader

Quarto Shows Profit on Sales Rebound, Expresses Concern on Shipping and Printing Costs

August 4, 2021By Michael Cader

Quarto reported sales for the first half of 2021, with revenues rebounding to pre-Covid levels: They had sales of $56.9 million — “against a weak comparative” of $46.9 million last year, and in line with $56.4 million in 2019, and $56.2 million in 2019. They showed an actual profit before tax as well, of $3 million, compared to a loss of ($4) million last year. Notably, the outlook for the second half of the year includes a warning that many publishers are experiencing: “One area of concern is the volatility in freight, with capacity issues and freight costs increasing 3 […]

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Filed Under: Earnings Reports, Publishers

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