HMV posts challenging results, may sell MAMA Group
Monday, Dec 19th 2011 at 7:50AMThe HMV Group said in an interim results statement today that like-for-like sales in the 26 weeks to October 29 dropped 11.6% (taking into accout store closures). Pre-tax losses hit £36.4m, compared to a £27.4m loss in the same period of 2010 - with losses after tax at £10.2m (2010: £10.6m loss).
The total HMV Group loss in the period was £50.1m (2010: £30.9m loss), but this included costs associated with the sale of Waterstone's in June, when it also ...
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