Image copyright Dixons Carphone
Dixons Carphone employs greater than 42,000 folks in eight international locations
Dixons Carphone has reported a big fall in annual profits because the retailer admitted that it had "plenty of work to do" in revamping its enterprise.
Pre-tax profits for the 12 months to 28 April fell to £382m, from £500m a 12 months earlier.
The retailer is about to shut 92 of its greater than 700 shops this 12 months amid slowing gross sales of cellphones.
Last week, it admitted a big information breach involving hundreds of thousands of bank cards and information information.
It is investigating the hacking try, which started in July final 12 months.
Dixons Carphone stated it had no proof that any of the playing cards had been used fraudulently following the breach.
The cell phone and electrical items retailer, which employs greater than 42,000 folks in eight international locations, issued two revenue warnings final 12 months and a additional one earlier this 12 months amid a slowdown in gross sales of recent cellular handsets.
In its newest outcomes, the agency additionally reiterated that it anticipated profits to fall once more within the present monetary 12 months, sustaining its revenue steering for 2018-19 at about £300m.
Chief government Alex Baldock, who took over earlier this 12 months, stated Dixons Carphone was "a business with so many strengths, and with so much more to go for".
"Recent events have underlined that we have plenty of work to do, and it will take time, but I'm even more confident than the day I took the job in our long-term prospects."
He also stated that the retailer might make extra of these strengths by "bringing clear long-term direction that sharpens our focus on our core".
On a statutory foundation, Dixons Carphone's pre-tax profits for the previous monetary 12 months fell to £289m, from £404m the 12 months earlier than.
"Dixons Carphone results, at first glance, look a touch better than feared, given the kitchen sink job done by new CEO Alex Baldock three weeks ago," stated Neil Wilson, chief market analyst for Markets.com.
"In UK mobile, the company delivered flat like-for-like sales in a contracting post-pay market. But it remains the market leader, though at the cost of margins."