SME Times - Spencer's Retail Sees Break Even By This Fiscal-End, Spencer's Retail Sees Break in End of Current Fiscal, Spencer's Retail Sees Break in End of 2010-11

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SME Times News Bureau | 30 Apr, 2010
Loss-making Spencer's Retail is likely to break even towards the end of the 2010-11 fiscal, a company official said Thursday.

"We are looking at Rs.1,150 crore revenue in 2010-11, up from Rs.900 crore last year. We expect to start breaking even by the end of 2010-11," Sanjeev Goenka, vice-chairman of CESC Ltd, told reporters in Kolkata.

Spencer's is the retail arm of power utility CESC.

Goenka said 200,000 square feet area would be added to Spencer's this fiscal. It now has one million square feet space.