Dixons unveils surge in profits

Post by George Dixon on 26th June 2014 in General industry

Dixons unveils surge in profits

As it prepares to merge its business with mobile phone chain Carphone Warehouse, electrical goods retailer Dixons has announced a jump of more than 50 per cent in its profits.

Just as Dixons revealed profits of £133million for the year to the end of April, the two retailers' merger plans were given the go-ahead by European Commission regulators.

Dixons is the owner of more than 500 stores in the UK, selling white goods and a range of other electrical items under the Currys brand, as well as computers and peripherals in its PC World stores.

It said it had benefited from seeing customers head to its stores before the World Cup to buy new TVs, as well as fridges and freezers.

Chief executive Sebastian James also told the BBC that he saw great potential for the company's future fortunes in the development of smart home technology which enables people to remotely control appliances from their smartphone.

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