August 8, 2012 / 8:43 PM / 5 years ago

Indigo posts narrower loss as costs fall

Aug 8 (Reuters) - Canadian retailer Indigo Books & Music Inc posted a narrower first-quarter loss on a fall in costs.

Indigo’s loss from continuing operations in the quarter narrowed to C$5.5 million, or 22 Canadian cents per share, from C$12.0 million, or 48 Canadian cents per share, a year earlier.

Revenue fell marginally to C$186.5 million.

Shares of the company closed at C$7.70 on Wednesday on the Toronto Stock Exchange.

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