Comet reports 14% jump in profits

Electrical and household appliance retailer Comet has reported a rise in annual profits of almost 14%. The chain made £11.5m in the year to the end of April, compared with £10.1m a year earlier, its parent company Kesa Electricals said, despite like-for-like sales slipping 1.5% . Kesa credited its focus on customer service for the improved profits. But it warned that its major markets across Europe remained challenging. Across the Kesa group, profits were £69.6m, from losses of £81.8m. Sales were up 0.4% but down 1.5% on a like-for-like basis which strips out new stores.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).