Saturday, July 22, 2017

Dixons Carphone report boost in profits

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Dixons Carphone has released its half year results reporting a sharp rise in profits.

The technology retailer posted a 19 per cent rise in profits to £144 million in the 26 weeks to October 29.

Sales for the group rocketed 11 per cent to £4.9 billion and like-for-like revenues increased by four per cent.

Chief executive Seb James said the amalgamation of companies since 2014 was going “exactly as expected.”


READ MORE: Dixons Carphone brushes off Brexit fears


He continued: “We remain optimistic about our ability to continue to gain market share in all our key markets, and, while we have still not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead.

”In particular, we have been focusing on reducing our fixed cost base, identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities – just in case.

“We are also planning our offer so that potential currency impacts are minimised for the customer.”

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