Looking at the different divisions of the company, the Kobalt label services division produced a $3 million operating loss on sales of $12.3 million, as compared with a $803,000 operating loss on sales of $5.66 million; while its neighboring rights division turned in an operating loss of $569,000 on revenues of $3 million in 2013, versus an operating loss of $600,000 on revenues of $1.5 million.
Meanwhile, its oldest and largest operations, the publishing division generated $3.8 million in segmental operating profit on revenues of $147.5 million. Thats up from the $2.3 million profits from the $111.7 million in revenue it had in the prior year. However, these profits exclude overall corporate overhead of $6.4 million fiscal 2013 and $5.26 million in fiscal 2012.
Unlike the U.S. when companies with public stock or debt are required to report their financial results within 45-60 days of a period end, U.K. companies are allowed to report as late as nine-months after the close of its fiscal year.
Breaking out its revenue by geographic location, Kobalt derived 47.7% of its revenue in the U.S., 14.7% from the U.K., 23.8% from the rest of Europe; and 13.8% from the rest of the world. The company averaged 164 staffers during fiscal 2013, up from 123 staffers in fiscal 2012.