Currys lifts FY guidance on 'robust' sales

(Sharecast News) - UK electrical retailer Currys on Thursday lifted annual earnings guidance after "robust" trading since the start of the year. Group adjusted profit before tax is now expected to be around £160m, compared to previous guidance of £145-155m, Currys said with less than five weeks of the financial year remaining, adding that like-for-like sales growth in the UK & Ireland and the Nordics continued to be positive.

The group also expects to finish the year in a strong net cash position.

Reporting by Frank Prenesti for Sharecast.com