FY2018 results reflect a satisfactory performance, given continued softness in the book trade. Revenues fell by 2% to $149.3m but adjusted operating profit increased 43% to $10.3m. Children’s publishing increased by 2%, representing over one-third of group revenues. The group has extended its banking facilities to August 2020. Net debt fell by 6% to $60.4m. In 2018 the group implemented a cost-out programme to right-size the group. We shall look to reintroduce estimates in due course. W

11 Mar 2019
FY18 results show Adj. PBT up 51% to $5.9m

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FY18 results show Adj. PBT up 51% to $5.9m
Quarto Group, Inc. (QRT:LON) | 155 0 0.0% | Mkt Cap: 63.4m
- Published:
11 Mar 2019 -
Author:
Peter Ashworth -
Pages:
2 -
FY2018 results reflect a satisfactory performance, given continued softness in the book trade. Revenues fell by 2% to $149.3m but adjusted operating profit increased 43% to $10.3m. Children’s publishing increased by 2%, representing over one-third of group revenues. The group has extended its banking facilities to August 2020. Net debt fell by 6% to $60.4m. In 2018 the group implemented a cost-out programme to right-size the group. We shall look to reintroduce estimates in due course. W