Dixons Carphone first-half profit plunges on mobile weakness

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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