Newly filed accounts for Currys Ireland Ltd reveal the company’s recovery, driven by an 11% increase in revenue to €213.27 million for the 12 months ending April 27th. This marks a significant turnaround from the previous year’s pre-tax loss of €282,000.

The directors noted their continued efforts to manage costs and identify opportunities for greater efficiencies and savings. Despite these improvements, they acknowledged that Ireland’s economic climate and competitive market remain challenging. The company is focused on measures to maximize shareholder value and strengthen shareholder funds.

Looking ahead, the directors cited high inflation and the cost-of-living crisis as major challenges. The company’s workforce grew from 377 to 385 during the year, with 297 employees in retail, 47 in corporate roles, and 41 in services.

As of April last year, Currys Ireland reported shareholder funds of €27.1 million. However, cash reserves declined from €4.6 million to €3.3 million during the period. Currys Ireland Ltd is a subsidiary of the UK-based Currys plc.