INDIGO RESULTS/PUBLISHING
June 1st, 2005
BY MONICA DOBIEPROFITS for Canada's Indigo Books & Music Inc. soared to CDN$11.7 million at its April 2 year-end, an increase of 129% or CDN$6.6 million over the previous year's results. However, the company's total revenues for the year were CDN$787.5 million, down 2.3% (CDN$18.2 million) from a year earlier.Indigo blamed the decline on flat sales at superstores of minus 0.5%, and declines in small format sales by 2.3%. Losses at its campus store division and the fact that the fiscal year was one week shorter also contributed to the decline.Indigo said the ...
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