Rueters are reporting:
TORONTO, Aug 9 (Reuters) - Indigo Books & Music Inc (IDG.TO), Canada's largest bookstore chain, posted a greater-than-expected quarterly loss on Monday, due to its continued investment in Kobo Inc, its eReading division.
First-quarter net loss was C$5.3 million ($5.14 million), or 21 Canadian cents a share, for the period ended July 3, compared with a loss of C$2.8 million, or 9 Canadian cents, a year earlier.
Revenues rose 5.5 percent to C$204.3 million from C$193.6 million.
Q1 per share loss $0.21 vs $0.09 yr ago
* Revenue $204.3 million vs $193.6 million
* Same-store sales up 1.5 pct at Indigo, Chapters
* Same-store sales down 0.7 pct at Coles, Indigo Spirit
So of the 3 partners behind Kobo, RedGroup are worried about being able to meet their loan payments, Borders US are losing money every quarter, and Indigo are also losing money. Well, this is certainly going to be a success.