DSGi earnings fall 78%

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DSGi, owner of PC World and Currys, today posted a pre-tax loss of 140.4 million, in what chief executive John Browett described as 'a year of change.'

While the figures represent a 78 per cent year-on-year drop, they were actually slightly above the firm's expectations.

The firm blamed Europe's economic backdrop as the chief cause of the loss, and claimed it didn't expect to see significant recovery until late 2010.

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