Hot summer melts Home Entertainment's profits

British video rental group Home Entertainment Corporation today said last year’s hot summer had caused its first profits fall since 1990.

Hot summer melts Home Entertainment's profits
Tue, 31 Aug, 2004 - 17:18

British video rental group Home Entertainment Corporation today said last year’s hot summer had caused its first profits fall since 1990.

The Peterborough-based group, which owns the Choices video shop chain, said pre-tax profits had dropped 20% to £4.7m (€6.9m) in the 53 weeks to June 5.

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CourtsBusinessHeathrowPlace: PeterboroughPerson: ChairmanPerson: Iain MusprattPerson: MusprattEvent: Euro 2004Event: ChristmasOrganisation: Home EntertainmentOrganisation: Home Entertainment CorporationOrganisation: Choices videoOrganisation: HECOrganisation: ChoicesOrganisation: BlockbusterOrganisation: Video Box OfficeOrganisation: Movie Choices
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