Spencer's Retail expects to break even by 2011

Spencer's Retail Ltd, a 100 per cent subsidiary of CESC Ltd, expects to break even by 2011. Spencer's is making losses, but they are declining over time, as per Sanjiv Goenka Vice-Chairman, CESC Ltd.
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January 23, 2010 

Spencer's Retail Ltd, a 100 per cent subsidiary of CESC Ltd, expects to break even by 2011. Spencer's is making losses, but they are declining over time, as per Sanjiv Goenka Vice-Chairman, CESC Ltd.  

"We intend to break even by 2011," Goenka said, adding that the company is expecting a turnover of Rs 95 crore per month. He said the company is also in talks with private equity players to raise funds, but nothing has been finalised as of now.

 
 
 
 
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