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Dixons Carphone first-half profit plunges on mobile weakness

Thu, 12th Dec 2019 07:18

LONDON, Dec 12 (Reuters) - British electricals retailer
Dixons Carphone reported a 60% fall in first half profit,
hurt by expected losses in its mobile phones business, though it
maintained its financial guidance for its 2019-20 full year.

Dixons Carphone, which trades as Currys, PC World and
Carphone Warehouse in the UK and Ireland, said on Thursday it
made an adjusted pretax profit of 24 million pounds ($30.8
million) in the 26 weeks to Oct. 26, down from the 60 million
pounds it made in the same period last year.

The group makes most of its annual profit in the second
half, and said it was on track to post adjusted pretax profit of
around 210 million pounds for its 2019-2020 financial year, in
line with its previous forecasts.
($1 = 0.7794 pounds)
(Reporting by Sarah Young; editing by James Davey)

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