Book and magazine retailer A&R Whitcoulls today reported a profit of A$2.25 million for the year-ended August, up from a A$4.84 million loss the previous year.
Total operating revenue was A$436.2 million, from A$91.6 million the year earlier.
Whitcoulls estimates it has a 40 per cent stake in the New Zealand retail book market and a 30 per cent share of the DVD/video market. Angus & Robertson (A&R) has an estimated 18 per cent market share of Australia's retail book market.
The Australian equity company Pacific Equity Partners (PEP) bought Whitcoulls and A&R from British bookselling giant WH Smith in May 2004.
- NZPA
Whitcoulls reports profit turnaround
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