Beleaguered supermarket company Laurus is remaining tight-lipped on its full year expectations after posting a static H1 net loss of €44m (US$43.6m). According to a report in Het Financieele Dagblad, H1 revenues at the Dutch retailer were buffeted by ongoing losses in Spain and Belgium and high overhead costs in Holland. Year on year, turnover dropped 11% to €2.87bn, in some part impacted by the closure of Laurus’ Basismarkt outlets and the sale of its Spar convenience chain subsidiary.
According to a report in Het Financieele Dagblad, H1 revenues at the Dutch retailer were buffeted by ongoing losses in Spain and Belgium and high overhead costs in Holland. Year on year, turnover dropped 11% to €2.87bn, in some part impacted by the closure of Laurus’ Basismarkt outlets and the sale of its Spar convenience chain subsidiary.
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