Haights Cross narrows quarterly loss
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- May
- 14
Haights Cross Communications Inc., a White Plains-based educational and library publisher, today reported a net loss of $9.8 million during the first quarter, less than the net loss of $12.4 million a year earlier.
Revenue of $51.8 million fell 2.1 percent from a year earlier, reflecting declines in the company’s K-12 supplemental education and medical education segments that were partially offset by revenue growth in test-prep and intervention and library segments, the company said.
In January, Haights Cross said it planned to sell its business, and a wind down of its operations began in March. That process is still ongoing, the company said.
This entry was posted
on Wednesday, May 14th, 2008 at 4:52 pm by David Schepp.
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