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Dixons Carphone on track as first half profit jumps 30 percent

Published 17/12/2014, 07:29
© Reuters. Dixons Carphone on track as first half profit jumps 30 percent
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LONDON (Reuters) - Dixons Carphone (L:DC), the electricals and telecommunications retailer, posted a 30 percent rise in first half profit on the back of market share gains and said it was on track to make expectations for the full year.

In August Dixons Retail , Europe's No. 2 consumer electronics retailer, and Carphone Warehouse , Europe's largest independent mobile phone firm, concluded an all-share merger to create Dixons Carphone, a consumer electricals powerhouse with a place in Britain's blue chip FTSE 100 index.

The merged firm, which trades as Carphone Warehouse, Currys and PC World in the UK and Ireland, Elkjop and El Gigantti in Nordic countries and Kotsovolos in Greece, said on Wednesday it made a pro forma pretax profit of 78 million pounds in the 31 weeks to Nov. 1.

The group also posted a 5 percent rise in sales at stores open over a year.

However, it made a statutory loss before tax from its continuing operations of 20 million pounds after booking exceptional charges of 100 million pounds.

(Reporting by James Davey; Editing by Neil Maidment)

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