Quarto revenues up 21% in first half but 'challenging' months lie ahead

Quarto revenues up 21% in first half but 'challenging' months lie ahead

The Quarto Group saw revenue increase by 21% to $56.9m (£40.9m) in the six months to 30th June 2021, from $46.9m (£33.7m) during the same period last year, but c.e.o. C K Lau has warned the second half of 2021 will be "challenging" due to freight issues. 

Revenue was also up 1% against 2019's $56.4m (£40.6m), while the publisher's operating profit increased to $4m (£2.9m) from a loss of $1.8m (£1.3m) last year, benefiting from a cost reduction programme in 2018 that continued through 2020. Adjusted profit before tax was $3m (£2.2m), from a 2020 loss of $3.3m (£2.4m).

Lau said the results ...

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