Indigo lost $50 million in its last fiscal year as its highly publicized cybersecurity incident walloped what was otherwise a profitable year, the book retailer said Wednesday.
The TSX-listed company posted financial results on Wednesday for the most recent quarter and full financial year up to April 1.
They showed that the book retailer posted revenue of $1.058 billion last year, a decline of $4.6 million, or 0.4 per cent, from the previous year’s level. The previous year’s revenues were boosted by a one-time renegotiation of financial terms with one of the cafés that operate inside its stores, to the tune of $17 million.
In
