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Quarto Group on track to meet FY expectations

By BFN News | 07:40 AM | Wednesday 04 November, 2015


The Quarto Group said that on the basis of current levels of trading and its order book, the company is on track to meet management expectations for the FY and deliver both debt reduction and earnings growth. Revenue for the quarter to 30 September 2015 was broadly flat at $54.4m (quarter to 30 September 2014: $54.5m). Underlying revenues for the quarter were down 5.3%. Revenues for the Group's core publishing businesses were up on the prior year by 7.9% at $44.9m (2014: $41.6m). Underlying publishing revenues were up 1.3%. The trading of our Books & Gifts Direct business faces challenges arising from the difficulties in the Australian and New Zealand economies and their weakening currencies. Year to date revenue was $120.6m (2014: $120.1m). Underlying revenues for the year to date were down 4.8%. Story provided by StockMarketWire.com

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