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PW: Sales, Earnings Gain at Millbrook

Jim Milliot -- Publishers Weekly, 3/2/1998

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Sales, Earnings Gain at Millbrook
Jim Milliot -- 3/2/98

Sales at Millbrook Press rose 10% for the second quarter ended January 31, 1998, to $3.2 million, while net income increased to $200,000, compared to a net loss of $622,000 in the second quarter of fiscal 1997. The company attributed the improvement to increased trade and special sales as well as the results of Twenty-First Century Books which Millbrook bought in December.

For the first half of the year, sales increased 16%, to $7.2 million, while net income rose to $252,000, up from a loss of $709,000 in last year's first six months. Company president Jeffrey Conrad said he expects the "significant progress" Millbrook has made in the growth of sales and operating income in the first half of the year to continue for the remainder of the current fiscal year, which ends July 31.

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