​Dixons Carphone profits plummet as it warns of ‘more pain’

3012053 dixons carphone index

Dixons Carphone’s profits shrank by nearly a quarter last year and the retailer has warned of “more pain in the coming year”.

Pre-tax profits were down 22% from £382m to £298m in the year to April 27, 2019 as UK and Ireland mobile sales shrank 11% to £1.99bn.

The group made a statutory loss after tax of £320m, having made a statutory post-tax profit of £166m the previous year.

The domestic electricals market was healthier than mobiles with sales up 1% £4.47bn. International sales rose 5% to £3.96bn, driven by the Greek market.

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