Currys lifts profit guidance after strong Christmas sales

(Sharecast News) - Currys raised full-year profit guidance on Wednesday after the electricals retailer after the retailer reported a strong performance over Christmas and Black Friday with a 2% rise in UK underlying sales as consumers bought more laptops and mobile phones. The company on Wednesday said it expected adjusted profit before tax of £145m - £155m, compared with forecasts of £140m and up 31% year on year.

A strengthened balance sheet meant the company expects to resume dividend payments with a distribution of 1.3p a share alongside full-year results in July, Currys said.

Reporting by Frank Prenesti for Sharecast.com