Electricals retailer DixonsCarphone has seen annual underlying profits more than halve after a hit from lockdown store closures and worse-than-expected sales in its mobile arm. The group reported underlying pre-tax profits of £166m (€183m) for the year to May 2, down from £339m (€374m) the previous year. On a statutory basis, it saw group pre-tax losses of £140m (€154m), but this was narrowed from losses of £259m (€285.6m) the year before. Alex Baldock, group chief executive of Dixons, said: "Since the year-end, all our electricals businesses have continued to grow sales. "Where our stores have reopened we've performed well,while continuing to see strong online sales growth.

Source: Irish Independent July 15, 2020 07:18 UTC