Dixons Carphone marks “terrific” first year as profits jump 21%

16th July 2015


Dixons Carphone has announced that it enjoyed a 21% rise in pre-tax profits it is first annual results.

On Thursday the company, which was established with the merger of Carphone Warehouse and Dixons Retail last year, reported that sales across the firm rose by 8% over the period.

Shares in the group jumped by 4.9p or 1%, following the news. Sebastian James, group chief executive, said it had been “a terrific first year” for the group.

It proposed a final dividend of 6p, taking total dividends for the year to 8.5p, marking a 42% year-on-year rise.

In a statement, James added: “We have seen excellent increases in both sales and profitability and we have made very encouraging progress with the tricky job of integrating these two great companies. At the same time, we have continued to generate strong customer satisfaction numbers, made significant strides in our Connected World Services business including our agreement with Sprint, and launched a brand new mobile network.

“The job is far from done. I am acutely aware that there is no room for complacency in a sector, which has seen unprecedented change, bringing both opportunities and challenges.”

Earlier this month the group announced it had agreed a deal with US telecoms firm Sprint, which could see it open hundreds of stores there.

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