Dixons Posts Decline In Full-Year Profit

Dixons Retail PLC

reported a decline in its full-year underlying profit. Dixons reported its total sales of GBP8.19 billion. Its same-store sales declined 3%, while sales in U.K. and Ireland fell 2%. Dixons posted a net loss of GBP154.3 million, versus a year-ago loss of GBP239 million. Its pretax loss came in at GBP118.8 million, versus a year-ago loss of GBP224.1 million. The company's adjusted pretax profit came in at GBP70.8 million, versus a year-ago loss of GBP85.3 million. Dixons shares closed at $0.6905 yesterday.