Quarto weathers another turbulent year

Islington-based publisher Quarto posted a 5% increase in full year adjusted pre-tax profit and upped its final dividend by nearly 10% as it battles against the decline of bookstore shelf space.

Islington-based publisher Quarto posted a 5% increase in full year adjusted pre-tax profit and upped its final dividend by nearly 10% as it battles against the decline of bookstore shelf space.

Adjusted pre-tax profit rose to $12.1m for the year ended 31 December 2011 from $11.5m the year before. Revenue increased to $186.1m from $176.4m previously. Net debt increased 14% to $81.4m, which includes the cost of two acquisitions.

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