Torstar's Book Sales Fall In First-Quarter

May 2004
Book Publishing Report;5/10/2004, Vol. 29 Issue 17, p4
Trade Publication
Toronto-based publisher Torstar Corp. reported lower profits in its first quarter of 2004 ended March 31, primarily because of weak results in the company's Harlequin book publishing division. Torstar executives noted that a 20.3% increase in its newspaper operating profits was more than offset by lower earnings in the Harlequin book publishing unit. Torstar blamed changes in foreign exchange rates on some of its reduced revenues in the book publishing segment.


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