Argos paid out dividend of €200m after shutdown of Irish business

Last year, the company returned to profit with a pre-tax profit of €2.6m after sustaining a pre-tax loss of €24.1m in the prior year where the scale of the loss was connected to the shut down of the retail network

The retailer shut down its 34 brick-and-mortar stores here in June 2023. File photo: Sasko Lazarov/RollingNews.ie

The Irish arm of catalogue retailer, Argos, paid out a dividend of €200m following the company’s withdrawal from the Irish market in 2023.

The retailer shut down its 34 brick-and-mortar stores here in June 2023 and was able to make the €200m dividend payout after internal financial restructuring in November 2023.