The Irish arm of electrical and tech retailer, Currys last year returned to profit to record pre-tax profits of €2.3 million.
New accounts filed by Currys Ireland Ltd show that the company returned to profit after revenues rose by 11 per cent to €213.27 million in the 12 months to the end of April 27th last.
The pre-tax profit of €2.3 million followed a pre-tax loss of €282,000 in the prior year.
The directors state that they “continue to manage the cost base of the company and review regularly opportunities to drive efficiencies and savings”.
They state that “the economic climate and competitive environment in Ireland remains challenging” and that they “are continually driving measures to maximise shareholder value and shareholder’s funds”.
They consider the major challenges ahead as uncertainty caused by high inflation and the cost of living crisis.
Numbers employed increased from 377 to 385 last year. A breakdown of staff numbers shows that 297 were employed in retail, 47 in corporate and 41 in services.
At the end of April last year, the company’s shareholder funds totalled €27.1 million. The company’s cash funds decreased from €4.6 million to €3.3 million.
The company’s parent is the UK based Currys plc.
Sourse: breakingnews.ie
