Owner of Homebase Records an 11% Drop in Annual Profits

Summary


ARGOS and Homebase parent Home Retail Group has reported an 11 per cent fall in annual profits and cautioned over a difficult 2010 for the retail industry.

The group posted underlying pre-tax profits of Pounds 293 million for the year to February 27.

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Extract


Owner of Homebase Records an 11% Drop in Annual Profits

Home Retail, which saw sales across its Argos and DIY chai...

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