Homebase records operating loss as revenues drop by 8%

THE Irish arm of the British-owned Homebase last year recorded an operating loss as revenues dropped by 8% to €61.9m.

Accounts filed by Homebase House and Garden Centre Ltd show revenues last year dropped from €67.5m to €61.9m in the year to the end of February.

The figures show that the company recorded an operating loss of €97,000 after making an operating profit of €41,000 in 2009.