Profits rise at Carphone Warehouse and Dixons
| 26 June, 2014
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