The Office Times

Profits rise at Carphone Warehouse and Dixons

Carphone Warehouse and Dixons Retail have both posted increasing profits ahead of their agreed merger.

Carphone Warehouse and Dixons Retail agreed to enter a 3.8 billion pounds (4.7 billion euros) all-share merger in May. The deal will establish a mobile phone and electricals products retail network of about 3,000 stores across Europe and a turnover of £12billion (14.7 billion euros).

For the year to 30 April, Dixons profit before tax, excluding one-offs, was up 10% to £166 million. Carphone Warehouse reported earnings excluding interest and tax of £151millio, up from £132 million

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