Quarterly Revenue Up, Net Losses Down at Indigo

By Josh Kerbel -- Publishers Weekly, 8/2/2007 7:20:00 AM

Indigo Books & Music Inc.’s first-quarter net loss was reduced to C$2.8 million ($2.7 million) from a loss of C$5.8 million in the comparable period in 2006. The company reported first-quarter revenue growth of 8.5%, to C$184.9 million ($175.7 million). Indigo and Chapters superstores’ and Coles small-format stores’ revenue increased by 6.1% and 6.0%, respectively; online sales grew 19.6%, to C$19.5 million.