The retailer says it had not planned for the full impact of recent changes to tax and other government policy.

The group, which operates about 16 stores in the Republic, sells consumer electricals from computers to washing machines. It reported a return to first half profit that exceeded expectations, with robust sales in its home market more than offsetting subdued trading in its Nordics business.

Electricals retailer Currys said on Thursday that it swung back into the black in the first half, with a solid performance in the UK and Ireland helping to offset weakness in the Nordics.

Electricals retailer Currys has reported a mulit-million-pound hit from tax hikes included in Labour's budget.

With 715 stores, Currys credited 'strong' UK sales for balancing a slight dip in its Nordics division. UK like-for-like revenues rose by 5%, with total regional revenues reaching £2.34bn

Currys Plc warned that price increases are inevitable at the electronics retailer after the Labour government’s budget added £32 million ($40.9 million) to its costs.

LONDON (Reuters) -British electricals retailer Currys warned on Thursday that price rises were inevitable after the government's tax raising budget but still kept its forecast for annual profit growth.

Looming Currys price hikes are 'inevitable' ahead of a £32million hit from changes announced in the Autumn Budget, the retailer told shareholders on Thursday.