Dixons earn­ings.

Kathimerini English - - Business & Finance -

Dixons, Europe’s No 2 elec­tri­cal goods re­tailer, cut the value of its as­sets by 309 mil­lion pounds ($501 mil­lion), say­ing it was forced to do so be­cause shop­pers are cut­ting back on nonessen­tial spend­ing in tough mar­kets. The un­ex­pected bal­ance sheet charges re­late to the clo­sure of Dixons op­er­a­tions in Spain, and good­will write-offs at its Kotso­vo­los chain in Greece and PIX­ma­nia In­ter­net busi­ness. The firm, home to the Cur­rys and PC World chains in Bri­tain, said un­der­ly­ing profit fell 6 per­cent in the year to April

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