Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
The firm increased its Ebitda by 16% to £23.8m in Q1 as retail earnings before tax and interest increased 53% year-on-year to £16.8m (Q1 2103: £11m).
The overall Ebitda figure was offset marginally by
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