Dixons Carphone confirms 'plenty of work to do'

Dixons Carphone's final results filled in the gaps after warning of a disappointing drop in annual profits only three weeks ago. For the 12 months to 28 April, revenue of £10.5bn was up 3% on the previous year, with like-for-like sales up 4%, but profit before tax falling 24% to £382m. Earnings per share fell 22% to 26.2p and free cash flow only dipped 3% to £172m, with the dividend held flat at 11.25p. PBT for the coming year is expected to fall again to around £300m, but with cash ...

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