Dixons Carphone warns for further fall in profit as new CEO looks took turn around UK performance

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(Telecompaper) Retailer Dixons Carphone has warned for a sharp fall in profit in the year to April 2019, hurt by a weak UK market and a number of one-time items. Headline pretax profit is expected to drop to around GBP 300 million from GBP 382 million in the past year, the company said, prompting an over 20 percent fall in its share price. The recently appointed CEO Alex Baldock said after eight weeks in the job “though there’s plenty to fix, it’s all fixable”.¬†
Source: Industry News (syndicated from Telecompaper.com)

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