Currys PLC shares got a boost early Thursday after it said annual profit will be higher than previously expected.
Currys shares were up 11% to 98.45 pence in London, the top gainer in the FTSE 250 index, which itself was down 0.9%.
In a brief trading update on Thursday, the London-based electricals retailer said it now expects adjusted pretax profit at around £160 million for the 53 weeks ending May 3, upgraded from prior guidance between £145 million and £155 million. This would be up 36% from £118 million in the financial year that ended April 27, 2024.
It is the second time that Currys has upgrade guidance so far in calendar 2025. The previous guidance was provided in January and was ahead of market consensus at the time of £140 million.
Currys on Thursday also said it will end the financial year on May 3 with a strong net cash position.
It will provide another trading update on May 21.
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