Quarto has reported a resilient performance in its core publishing businesses. It expects to report profits in line with expectations, excluding the impact of Books & Gifts Direct (BGD). BGD continues to decline and negotiations are ongoing regarding its disposal for A$5.75m (cash & loan notes). Quarto has also reviewed the useful lives of its titles details of which will be included in the results. Net debt at $62.2m is higher than forecast. The final dividend is expected to be incre
31 Jan 2017
FY 2016 trading update
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FY 2016 trading update
- Published:
31 Jan 2017 -
Author:
Peter Ashworth -
Pages:
2
Quarto has reported a resilient performance in its core publishing businesses. It expects to report profits in line with expectations, excluding the impact of Books & Gifts Direct (BGD). BGD continues to decline and negotiations are ongoing regarding its disposal for A$5.75m (cash & loan notes). Quarto has also reviewed the useful lives of its titles details of which will be included in the results. Net debt at $62.2m is higher than forecast. The final dividend is expected to be incre