HMV cuts dividend as losses widen

first_img Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Thursday 9 December 2010 3:35 am HMV cuts dividend as losses widen whatsapp Show Comments ▼ whatsapp Share John Dunne Music, DVD, games and books retailer HMV posted a worse than expected widening in first-half losses, blaming a sharp fall in sales on weak entertainment markets.The group said it was cutting its dividend and cautioned that despite more encouraging trading at the beginning of its second half, the start to Christmas trading had been undermined by the severe weather of the last two weeks.“The outcome of our full financial year will be largely determined by the next four weeks of the key Christmas trading period, which together with the final four months of our financial year, account for 60 percent of our full year sales,” said the firm.The group, which trades from over 730 HMV, Fopp and Waterstone’s stores, made an underlying pretax loss of £41.3m for the six months to 23 October.That compares with analysts’ consensus forecast of a loss of £38-39m, according to a company poll, and a loss of £24.9m in the same period last year.HMV traditionally makes all its profit in its second-half, which includes the crucial Christmas trading period.Sales fell 6 percent to £749.5m, with sales at stores open over a year down 11.5 per cent.The firm, which ended the period with net debt of £151.6m, said it had reviewed its dividend policy and halved the interim payout to 0.9 pence last_img read more

British American Tobacco Uganda ( 2013 Abridged Report

first_imgBritish American Tobacco Uganda ( listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2013 abridged results.For more information about British American Tobacco Uganda ( reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda ( company page on AfricanFinancials.Document: British American Tobacco Uganda (  2013 abridged results.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img read more