Dixons Carphone: stock crashes after annual results
(CercleFinance.com) - The Dixons Carphone share is plunging 17.
3% in London, hammered by investors after the publication of annual results that included a pre-tax loss of 259 million pounds, compared to a FY 2017-18 profit of 289 million pounds.
The UK consumer electronics retailer saw its revenue increase just 1% like-for-like, penalised by a 4% contraction in mobile revenues in the UK and Ireland.
Dixons Carphone has proposed a final dividend of just 4.50 pence per share, making a total of 6.75 pence for FY 2018-19, compared to 11.75 pence in the previous year. The group does not plan to increase this in 2019-20.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3% in London, hammered by investors after the publication of annual results that included a pre-tax loss of 259 million pounds, compared to a FY 2017-18 profit of 289 million pounds.
The UK consumer electronics retailer saw its revenue increase just 1% like-for-like, penalised by a 4% contraction in mobile revenues in the UK and Ireland.
Dixons Carphone has proposed a final dividend of just 4.50 pence per share, making a total of 6.75 pence for FY 2018-19, compared to 11.75 pence in the previous year. The group does not plan to increase this in 2019-20.
Copyright (c) 2019 CercleFinance.com. All rights reserved.