£8m loss for Comet

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Kesa Electricals has revealed that its UK chain Comet made a half-year loss of 8.1m for the period up until October, with the retail chain blaming deteriorating market conditions for the results.

That was in stark contrast to its 10.6m profit for the same period in 2007.

MCV's sister publication PC Retail has more detail on the results – click here to take a look.