Indigo Books and Music (IDG) has managed to post a small profit for its fiscal year.
The Toronto-based book retailer said it lost $23.4 million in the fourth quarter, compared with a
loss of $39.5 million a year earlier. Indigo did not provide per share earnings for the quarter.
Revenues for the three months ended April 2 totaled $220.7 million, up 10.9% from $199 million
in the fourth quarter of 2021.
For the full-year, Indigo said it earned $3.27 million on $1.06 billion of revenues, compared with
a loss of $57.9 million on $904.7 million of revenues in 2021.
Indigo said revenues surpassed its performance in the preceding three years, including before
COVID-19 wreaked havoc on its operations as its stores across Canada were forced to close.
