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
SCIENCE
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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Smartphone Only Annual Subscription
NZ$249.00 / yearly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Subscription
NZ$29.95 / monthly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Brent Melville
Fri, 01 Nov 2024
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
No trick or treat as Mitre 10 plunges to $98.8m loss
Retail,
106521