Spanish retailer Eroski has posted a reduced half-year loss despite a drop in sales.

The company on Friday (30 September) reported an after-tax loss of EUR33m (US$43.9m) for the six months to the end of July due to the impact of financial costs on its bottom line. The loss compared to the EUR42m Eroski filed in the first half of its previous financial year.

Eroski has also reported an 11.4% increase in pre-tax profit to EUR56m as it continued to control costs.

However, the retailer also booked a 5.7% fall in turnover to EUR3.49bn. Eroski said it had looked to remain competitive and had saved shoppers more than EUR17m over the six months.