Venue Retail Group reported a profit after financial items of SEK -135 million (-4.8) for the fiscal second quarter, which covers the period from December 2015 to February 2016.
the result was burdened by non-recurring items and write-downs -119 million. This after the board decided to liquidate approximately 35 stores.
The operating profit before depreciation and amortization amounted to SEK -5.9 million (2.1).
The operating result was -130 million (-3.3).
Net income amounted to -137 MSEK (-5.6), corresponding to SEK -10.40 per share, diluted (0.47).
Net sales were SEK 240 million (265). Fewer stores and the weak Norwegian krone said to have affected sales negatively by 17 million.
Sales in comparable stores declined by 6 percent in the quarter. The number of stores amounted to 137, compared with 143 stores corresponding quarter last year.
The gross margin was 48.0 percent (48.0).
No comments:
Post a Comment