Improved profits for Quarto, as it warns of costs of Covid-19

Improved profits for Quarto, as it warns of costs of Covid-19

Quarto has pointed to improved profits and reduced debt, as it warns of increased costs and lower orders as a result of the Covid-19 crisis.

The group's full-year results announcement saw sales in the year to end-2019 fall 9% $135.8m from $149.3m a year before, but operating profit double, up to $8.8m compared to $4.3m in 2018.

The group's publishing performance was mixed, albeit with the margin boosted by reduced overheads. Revenue for its UK publishing division, now run by Pavilion boss Polly Powell, was down 10% at $64.3m. Adjusted operating profit was down 15% at $6.5m. The company sa...

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