Currys Profits Plunge Amid Economic Woes, Suspends Dividend

• Currys, an electronics retailer, reported a 38% drop in profits and no final dividend payment due to lower sales and an uncertain economic outlook.
• Currys’ profits fell to £119 million for the year, though still meeting City expectations.
• Customers buying goods on credit rose to 17.7% of all sales.
• Currys posted an overall statutory loss before tax of £450 million due to impairments in its UK business
• Currys shares crashed 13% on the news.

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