HMV reports £17m operating profit 11 months after administration
HMV recorded operating profits of almost £17 million in the 11 months after it was plucked out of administration by restructuring firm Hilco in 2013.
HMV confirmed that it had filed for administration on the morning of January 14 2013.
In reports set to be filed at Companies House, seen by The Telegraph, the High Street entertainment firm posted operating profit of £16.7m on sales of £311.2m between January 29 and December 28 2013.
Every one of HMV’s stores ...
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