Power City pre-tax profits fall 16.7% to €4.9m

Pre-tax profits at family-owned electric and electronic retailer, Power City last year fell by 16.7% to €4.9m in spite of a surge in revenues.

New figures show the Dublin-based firm recorded the drop in profits as revenues increased by 8% from €69.5m to €75.3m in the 12 months to the end of Sept 29 last year.

The profits of €4.9m follow profits of €5.8m in 2011.