Thursday, June 30, 2011

Grim news from HMV

We all knew HMV's figures would be bad. Now we know how bad:

LONDON, June 30 (Reuters) - Struggling British music and DVD retailer HMV , which has been selling off assets in a bid to secure its future, said trading conditions were set to remain tough as it posted a 61 percent drop in annual profit.

The 90-year-old group, which has issued four profit warnings this year, said on Thursday it made a profit before tax and one-off items of 28.9 million pounds ($46.2 million) in the 53 weeks to April 30, in line with its latest guidance.

After tax and non-cash impairments charges from the assets it has sold, it plunged to a loss of 121.7 million pounds.
There is a small, profitable business at the heart of HMV. It's just not clear if it can escape the large, loss-making business that surrounds it.


4 comments:

Anonymous said...

some sources reporting the story have mentioned that they've discovered "there is a clear place for HMV as a specialist retailer of ... high-growth technology products" while some, such as Reuters, have skimmed over it almost entirely as if they know it's irrelevant and doesn't really make sense (why would someone go to a cd/dvd retailer masquerading as the hip corner of comet when they just can go to comet?).

Francis said...

surely there is a "clear place for HMV as a specialist retailer of remaindered DVD boxsets at a tenth of the original RRP" would be more accurate?

And sweets

And Top Trumps

jaysoul said...

More bad news for HMV’s shareholder...profits slide 61%...It is going to focus on portable technology, hope it will be back on the track again..

Unknown said...

Thank you, your article is very good

viagra asli
jual viagra
toko viagra
toko viagra asli
jual viagra asli
viagra jakarta
viagra asli jakarta
toko viagra jakarta
jual viagra jakarta
agen viagra jakarta
agen viagra
cialis asli
cialis jakarta
cialis asli jakarta
titan gel asli
titan gel jakarta
titan gel asli jakarta
viagra cod jakarta
obat viagra jakarta
obat viagra asli
viagra usa
viagra original
obat viagra
obat kuat viagra
jual cialis
toko cialis
obat cialis
obat cialis asli
obat kuat cialis
obat cialis jakarta
toko cialis jakarta
jual cialis jakarta
agen cialis jakarta
toko titan gel
jual titan gel
vitamale asli
permen soloco asli
maxman asli
hammer of thor
vimax asli
viagra
titan gel
hammer of thor asli
hammer of thor asli jakarta

Post a Comment

As a general rule, posts will only be deleted if they reek of spam.