Power City sees pre-tax profits reach €5.8m

Pre-tax profits at Irish-owned electrical retailer Power City increased by 4% to €5.8m last year.

The company increased its profits despite revenues decreasing by 10%, from €77.4m to €69.5m, in the 12 months to Sept 24 last year.

The figures returned to the Companies Office show that, by Sept 24, Power City had accumulated profits of €78.4m.