HMV reports profits of €141 million

Music retailer HMV said trading in the first few weeks of its new financial year was tough as it posted an expected underlying…

Music retailer HMV said trading in the first few weeks of its new financial year was tough as it posted an expected underlying full-year pretax profit of £98.2 million (€141 million).

HMV said group like-for-like sales fell 10.1 per cent in the nine weeks ended July 1st.

The company is in the process of buying bookseller Ottakar's

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