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Vardaga, meanwhile, said that after three years in the sector it was "still not breaking even".
"After three years in the sector we are still not breaking even".
"We're not breaking even yet but we're in this for the long run.
This is because it is not breaking even but instead making losses which are tough to cover even with the benefit of a one-year breather.
The retail arm of the company ran into problems, with many of the stores not breaking even, particularly those in shopping centres, where rents were high and there was little foot traffic.
"It's not breaking even, not close to it, but our prescription department carries it," said Mr. Norman, 69, who sold the store to a national chain three years ago but continues as manager with a free hand to run it the way he wants as long as it makes money.
Similar(50)
Surprisingly, the children had not broken even one thing.
Fiat will not break even in Europe until 2015 or 2016, Mr. Marchionne said.
The organization has not broken even since the 2005-6 tax year, records show.
Fiat forecasts that the unit will not break even in operating terms until 2006.
However, over half of visitors come by car, somewhat undermining the market's green credentials.The project does not break even.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com