Quarto's US business fuels growth in group profit

<p>Liz Bury</p><p>Quarto's share price has continued to climb steadily to reach 168.5p after it reported solid figures for the first six months of the year.</p><p>Sales rose by 4.4% to &#163;31m for the six months to end-June; growth was 14% after stripping out the impact of the weak dollar. Operating profit excluding goodwill amortisation increased 15.8% to &#163;2.1m. Pretax profit jumped by 23.4% to &#163;1.5m.</p><p>Quarto said sales and profits had increased in the US, which accounts for more than 60% of business, while showing a small upturn in continental Europe and south-east Asia, ...

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