Exterior of Comet store
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Comet makes 25.7m euros half-year loss, owner Kesa reports

Anglo-French electrical retailer Kesa, which owns Comet, has reported a half-year loss and said market conditions are becoming more challenging.

The group reported a pre-tax loss of 9.2m euros (£7.9m) for the six months to the end of October, compared to a profit of 32.4m euros a year earlier.

Comet made a pre-tax loss of 25.7m euros over the period.

Last month, Kesa announced plans to sell off Comet for just £2 to a private equity group.

Brian Milligan reports.

  • 07 Dec 2011
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