Power City posts pre-tax profits drop of 32% from €11.1m to €8.4m

POWER CITY, the Irish-owned electrical good retailer, saw a 32% fall in pre-tax profits last year.

Accounts for the company, just filed at the Companies Registration Office, show profits for the year to September 30 2003 fell from €11.1 million to €8.4 million. No reason was given in the accounts for the decline in profits.

Turnover for the period slipped from €88.2 million to €87.3 million.