LONDON (Thomson Financial) - Book publisher Quarto Group Inc. said it
slipped to a first-half pretax loss despite a rise in revenues.
For the six months ended June 30, Quarto made a pretax loss of 3.1 million
pounds against a 400,000 pound profit last time as revenues rose to 43.8 million
pounds from 36.6 million pounds.
Adjusted EBITDA increased 25 percent to 7.4 million pounds.
Chairman and chief executive Laurence Orbach said: "The environment remains
tough, and our performance, in the face of the challenges this poses,
demonstrates the continued resilience of our business model, and our publishing
programs."
For the co-edition business, the company said it is comfortable it will
achieve full-year expectations, barring extraordinary manufacturing problems.
Quarto declared an unchanged interim dividend of 3.15 pence per share.
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