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2mo ago

Currys Posts £162m Profit and Resumes Dividend

Resilient UK shoppers have driven record cash generation through mobile subscriber growth despite rising costs

Currys has more than 300 shops in Britain and said it would continue to invest in upgrading them

Overview

  • Currys delivered £162m in profit before tax for the year to May 3, marking a 37% increase from the prior period.
  • Group sales grew 3% to £8.7 billion with a 6% rise in the UK and Ireland and a 2% decline in the Nordics.
  • The company’s net cash position climbed to £184 million, its strongest level in ten years.
  • After suspending payouts in 2023, Currys proposed a final dividend of 1.5p per share.
  • iD Mobile subscribers surpassed two million and a new B2B team was established to serve small and medium enterprises.