Quarto confident of in-line FY after Q3 pretax rises 5 pct on acquisitions |
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Published
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Fri, 19 Oct 2007 07:43
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LONDON (Thomson Financial) - Quarto Group Inc said third-quarter pretax profit rose 5 pct, benefiting from acquisitions, adding it stays confident that full-year results will meet market expectations.In a trading update for the three months to end-September, the book publisher reported a pretax profit of 2.8 mln stg compared with 2.7 mln the year earlier, while sales climbed to 31.1 mln stg from 27.8 mln.Sales were be boosted by a first-time contribution from MBI, which Quarto bought in August.'Initial reports (from the annual Frankfurt Book Fair, a major event in the industry) suggest we will see continued robust trading internationally, marred only by the continued fragile state of the book retailing scene in the UK,' said chairman and CEO Laurence F Orbach.He added that only about 16 pct of the group's revenues are in the UK.TFN.newsdesk@thomson.comrku/jro/jfrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Getinge Q3 pretax falls 30 pct on higher expenses, misses forecasts 