Libri-Shopline losses narrow on improved margin
Online retailer and bookseller Libri-Shopline had a third-quarter loss of HUF 269 million, narrowing from HUF 464 mln in the base period as revenue growth outpaced an increase in costs, an earnings report published late Friday shows, according to Hungarian news agency MTI.
Screen grab from Libri-Shopline website.
Revenue rose 10% to HUF 7.89 billion, but material costs climbed just 8% to HUF 6.55 bln and payroll costs climbed only 5% to HUF 1.25 bln.
Libri-Shopline has 46 bookshops in Hungary.
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