James Hall of the Telegraph reports that, despite the recession, several of the UK's largest electronics retailers are expected to post a profit this year. DSG International--owner of Currys and PCWorld--is expected to report tomorrow an underlying full year pre-tax profit between £80m to £90m, up from last year's figure of £50.5m. Moreover, Kesa--owner of Comet electrical stores--is expected to post a pre-tax profit of £76m, a vast improvement over their previous year's loss of £81.8m.
The article also mentions possible dark clouds on the horizon for electronics retailers, citing VAT increases in the Government Budget and competition from US retailer Best Buy as potential obstacles in the year to come.
Read the whole article at http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/7840779/Comet-and-Currys-ride-out-recession-in-profit.html
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