No trick or treat as Mitre 10 plunges to $98.8m loss
The company continues to absorb hefty IT bills, costed at $146.1 million over the past three years.
Some scary numbers from Mitre 10.
Brent Melville
Fri, 01 Nov 2024
Hot Topic
Hawke’s Bay
Hardware and DIY retailer Mitre 10 moved $98.8 million into the red for the June year, widening its losses from $67.1m from the previous reporting period.
Much of that related to the group’s IT ‘transformation’ costs, which came in at $38.6m.
Still, that’s well down on the $64.7m it spent the
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Brent Melville
Fri, 01 Nov 2024
Contact the Writer: bmelville@nbr.co.nz
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No trick or treat as Mitre 10 plunges to $98.8m loss
Retail,
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