‘Strong performance in Australia’ for Scholastic

12 August 2008 Books+Publishing

Scholastic Corporation, parent company of Scholastic Australia has reported a net loss of US$22.4 million (A$25.8 million) for the financial year to May. However, when the company's loss-making ‘continuities' business was excluded from results, sales rose to US$2.2 billion (A$2.53 billion) from US$1.9 billion (A$2.2 billion) in the previous year. ‘The...