Dixons Carphone: stock hammered after profit warning
(CercleFinance.com) - The Dixons Carphone share is plunging 19% in London today, punished by the market after the distributor of telephony products and services issued a profit warning when it unveiled preliminary data for FY 2017-18.
For FY 2018-19, the British group now expects pre-tax profit of around 300 million pounds, and a level of free cash flow conversion similar to that of last year.
For the fiscal year ended 28 April, Dixons Carphone estimates that it achieved adjusted pre-tax profit of approximately 383 million pounds, for annual revenues that are up 3% (+4% like-for-like).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
For FY 2018-19, the British group now expects pre-tax profit of around 300 million pounds, and a level of free cash flow conversion similar to that of last year.
For the fiscal year ended 28 April, Dixons Carphone estimates that it achieved adjusted pre-tax profit of approximately 383 million pounds, for annual revenues that are up 3% (+4% like-for-like).
Copyright (c) 2018 CercleFinance.com. All rights reserved.