Faber records loss in latest financial year

Faber saw a drop in turnover for the year ending March 2015, with a significant increase in its operating loss from the 12 months previous. The publisher’s turnover was £15.9m, down 1.8% from £16.2m the year before. Faber made an operating loss of £813,000, up from £5,000 in the 12 months to March 2014. The operating loss including a “substantial one-off restructuring cost”, said the firm’s business review in its directors’ report and financial statements. Continue reading at 'The Bookseller'

[ The Bookseller | 2015-08-28 00:00:00 UTC ]
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