You are viewing your 1 free article this month. Login to read more articles.
International publishing group Quarto has reported improvements in gross margins and profits in the "face of continuing weak demand in the US".
In its nine month update to 30th September, the group said that its earnings before interest, tax, depreciation and amortisation increased by 7% to £15.2m. It added that revenues in the UK continued to run ahead of the comparable 2008 figures, while international co-edition book publishing revenues were ahead of last year's, with its order book 6% ahead.
Laurence F Orbach, chairman and chief executive of Quarto, said: "The US market remains a big challenge, with cyclical as well as structural issues. However, attention to housekeeping has improved the group's gross margins, and overheads are down."