Power City family share €3m payout

The McKenna family, which owns electric and electronic retailer Power City last year shared another €3m dividend windfall.

That is according to new accounts just filed by Power City Ltd which show that pre-tax profits at the firm last year decreased by 7% from €6m to €5.5m.

The drop in profits came in spite of revenues increasing by 6.5% from €81.89m to €87.23m in the 12 months to September 24. Staff numbers at the firm last year rose from 232 to 238.