Dixons Carphone had excellent first results

Dixons Carphone had excellent first results

Dixons Carphone, which launched in August after Carphone Warehouse and Dixons Retail merged, has presented decent six-month results, despite Dutch and German disappointments.

Weak Dutch results

Dixons Carphone's underlying profit rose 30 % to 78 million pounds (nearly 100 million euro) in the six months leading up to November.

 

"It is clearly a symbolic moment in the history of our great new shared enterprise to be reporting our first half year results. And they are, I am pleased to say, encouraging. Overall sales in the period have grown by 5% on a like-for-like basis and profit before tax has grown by 30%", CEO Sebastian James said.

 

Particularly the stores in the UK and Ireland performed well: their like-for-like turnover grew 6 and 11 % in the second quarter. German and Dutch results were clearly weaker as they suffered a 20 million pound (25 million euro) loss, causing the new company to close fifty stores in the Netherlands.

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