Jun 21, 2018
Dixons Carphone sees big profits fall
Dixons Carphone has seen a 28% fall in annual profits as the retailer admitted that it had "Plenty of work to do" in revamping its business. Statutory pre-tax profits for the 2017-18 financial year fell to £289m, from £404m the previous year. Last week, it admitted a big data breach involving 5.9 million payment cards and 1.2 million personal data records. It is investigating the hacking attempt, which began in July last year. Dixons Carphone said it had no evidence that any of the cards had been used fraudulently following the breach.
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