28th Jan 2016 10:01
LONDON (Alliance News) - Illustrated book publisher Quarto Group Inc on Thursday said it is well positioned to outpace its expectations for the year to the end of December following a good performance in its core operations.
The group said it was boosted by the success of the adult colouring book phenomenon, particularly in the US, and saw revenue rise thanks to the acquisition of Ivy Press.
"I am pleased to report that the group made encouraging progress in 2015 capitalising on our strengths, expanding our reach, and taking advantage of opportunities while continuing to reduce debt," said Marcus Leaver, Quarto's chief executive.
Quarto shares were up 2.9% to 213.95 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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