Dec 12, 2018

Dixons Carphone posts £440m loss in first half

Dixons Carphone has reported a big loss for the first half of the year but says its turnaround plan is on track. The struggling retailer, whose main UK brands include Currys PC World and Carphone Warehouse, posted a loss of £440m for the six months to 27 October - down from profit of £54m a year ago. It blamed accounting issues and said underlying sales had improved. In May the retailer said it would close 92 Carphone Warehouse stores amid slowing sales of mobile phones. The company, which employs more than 42,000 people in eight countries, says most of its issues centre on its UK business while international sales remain strong.

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