:. Food Industry News

Categories: Corporate Results

Finnish Retailer Kesko Profits Seen Falling

Source: Reuters
30/01/2009

Helsinki, Jan 30 - Finnish retailer Kesko is expected to report a 21 percent year-on-year fall in underlying fourth-quarter operating profit as consumer spending dries up, a Reuters poll of 12 analysts showed.

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Adjusted earnings before interest and tax were seen falling in October-December to 57 million euros, from 72 million in the year-earlier period.

Four of the analysts who disclosed their views on the stock were positive, while five were negative, and one was neutral.



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