Indigo reports $49.6M full-year loss compared with $3.3M profit a year earlier

TORONTO –

Indigo Books and Music Inc. reported a lack of $49.6 million its newest monetary yr which noticed a cyberattack take down its web site and fee methods and compromise the private data of some present and former staff.

The retailer says the loss amounted to $1.78 per diluted share for the 52-week interval ended April 1 in contrast with a revenue of $3.3 million or 12 cents per diluted share in the identical interval a yr earlier.

Revenue totalled $1.058 billion, down from $1.062 billion within the prior yr.

Indigo additionally introduced the appointment of Donald Lewtas, Joel Silver and Markus Dohle to its board of administrators.

Earlier this month, 4 administrators stop the retailer’s board together with Chika Stacy Oriuw, who stepped down “because of her loss of confidence in board leadership and because of mistreatment.”

The firm additionally mentioned in the identical assertion on June 7 that founder and govt chair Heather Reisman, who stepped down as chief govt final yr, will retire from the board on Aug. 22.

This report by The Canadian Press was first printed June 28, 2023.