Loss-making Spencer’s Retail is likely to break even towards the end of the 2010-11 fiscal, a company official said on Thursday. “We are looking at Rs.1,150 crore revenue in 2010-11, up from Rs.900 crore last year. We expect to start breaking even by the end of 2010-11,” Sanjeev Goenka, vice-chairman of CESC Ltd, told reporters here.
Spencer’s is the retail arm of power utility CESC. Goenka said 200,000 square feet area would be added to Spencer’s this fiscal. It now has one million square feet space.
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