Irish arm of Argos back in black after booking €153m charge last year

Catalogue retailer employs over 1,000 people across 40 stores in Ireland

The latest accounts show the local subsidiary, which has 40 stores in Ireland, recorded a 3.4 per cent fall in sales to €219.8 million from €227.6 million

The latest accounts show the local subsidiary, which has 40 stores in Ireland, recorded a 3.4 per cent fall in sales to €219.8 million from €227.6 million

The Irish arm of retail giant Argos, which booked a €153 million impairment charge last year, returned to profit in early 2017 even as sales declined.

Argos Distributors (Ireland) Limited reported a €6.4 million pretax profit for the 12 months ending March 2017. This compares to a €153.8 million loss a year earlier.

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