Sales Down, Earnings Up At Harlequin

Sunday 19th May

Sales Down, Earnings Up At Harlequin

Posted at 6:40PM Wednesday 01 Aug 2012

Second quarter sales at Harlequin fell to C$107.0 million from C$110.3 million, but operating profit rose to C$18.0 million from C$16.3 million in last year's second period, parent company Torstar reported this morning. The drop in revenue was due to the decline in sales of print titles that was not entirely offset by higher digital sales. Earnings rose due to lower promotional spending and a lower returns provision. Foreign exchange had a C$100,000 negative impact on revenue.

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