June 20, 2019 / 6:32 AM / 2 months ago

Dixons Carphone profit slumps 22% and warns of big fall this year

LONDON, June 20 (Reuters) - Dixons Carphone, Britain’s biggest seller of electricals and mobile phones, reported a 22% fall in full-year profit, reflecting a tough mobile phone market, and warned of another big fall in the current year.

The group, which trades as Currys, PC World and Carphone Warehouse in the UK, said it made an underlying pretax profit of 298 million pounds ($378.5 million) in the year to April 27. That compared to company guidance of around 300 million pounds and was down from 382 million pounds made in 2017-18.

It said underlying pretax profit was expected to be around 210 million in 2019-20, with growth thereafter as the benefits of its turnaround plan feed through. ($1 = 0.7873 pounds) (Reporting by James Davey, Editing by Paul Sandle)

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