HMV debt grows to £176.1m in H1; sales down 13.5% but losses narrow
HMV's total sales were down 13.5% to £277.6 in the six months to October 27 this year (2011: £333.7m).
The retail group has admitted in a new interim trading statement that it will be forced into a "probable" covenant breach of its banking at the end of January 2013
It said: "Current market trading conditions result in material uncertainties facing HMV... Constructive discussions with the Group's banks including keeping them fully informed in relation to current trading."
Like for ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
