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Article: Sports Direct warning.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- July 24, 2007
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Controversial sports retail group says first three months have been very tough and profit growth will be limited in the current year. Plus the rest of today's news and results. Jonathan Eley
Sports Direct said the first three months of the current financial year have been "exceptionally difficult" owing to unprecedented weather conditions, which have had an immediate impact on sales. However, it added that there should be "limited growth" in cash operating profit from the GBP191m reported for the past year.
BP, the oil giant, said second-quarter profit fell slightly, and would have fallen by more were it not for $740m of exceptional profits relating to asset ...