Dixons Carphone profits jump 19%

December 14, 2016 7:27 am Published by

Dixons Carphone profits jump 19%

  • 14 December 2016
  • From the section Business

A Carphone Warehouse signImage copyright

Profits at Dixons Carphone have jumped 19% after a rise in sales of phones and domestic appliances.

In the six months to 29 October, pre-tax profits climbed to £144m while sales rose 4% to £4.9bn.

The firm said it had seen no effect on consumer demand as a consequence of the Brexit vote, but was planning for “more uncertain times”.

“In particular, we have been focusing on reducing our fixed cost base,” said Seb James, group chief executive.

“[We are also] identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities.”

Dixons Carphone was created from the £5bn merger between Dixons and Carphone Warehouse in 2014. It employs 42,000 staff in the UK and overseas.

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This post was written by FSB News