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Homebase and Argos profits plunge
trading since the end of august, it said, had been tough and volatile , with like-for-like sales at both homebase and argos down in percentage terms by high single digits .
like-for-like sales, which strip out the impact of new sto res, also fell 10.3% at homebase and 3% at argos, the group's other flagship business .
however, the write-down at homebase should strengthen the chain's long term prospects, he argued .
home retail group has written off Â 42m on its homebase diy chain as pre-tax profits for group slumperiod 19% in the six months to the end of august .