Dixons Carphone Ireland has reported higher profits and revenues for 2018 despite differing outcomes at its two businesses - Currys PC World and Carphone Warehouse.
In a filing to the Companies Registration Office, the company said its combined profits for the year jumped by 61% to €4.6m while its turnover for the year amounted to €272.8m.
As at the end of April, Currys PC World outperformed the market average and increased its market share in every category with like-for-like sales growth of 9.2% and turnover for the year rising by €10m to €168m.
It also saw a strong finish for December 2017, with record sales in the period stretching from the pre-Christmas "Black Friday" promotion to the new year.
The company noted that sales during those weeks were the highest in its history.
But Carphone Warehouse posted a turnover of €104.5m for the year, down from €110.9m in 2017. The chain's underlying profitability rose by 47% as it reported a loss of €1.86m.
"These results show that the sustained remodelling of the business and disciplined approach continues to improve profitability and create a successful Irish managed business," Dixons Carphone Ireland said.
Mark Delaney, Managing Director of Dixons Carphone Ireland, said the company was continuing to see strong growth in the current financial year to April 27, 2019.
He also said the company was anticipating another strong performance by both businesses.
"We continue to experience robust performance in the Irish market," he added.
