Dixons on track for strong first year of profits

 
Kasmira Jefford
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DIXONS Carphone is on track to post a strong rise in profits in its first full-year results since Dixons Retail and Carphone Warehouse merged to create a £5.1bn powerhouse last year.

The electrical goods and mobile phone retailer is expected to report profits at the top end of its previously forecast range of £355m to £375m for the year to 2 May.

That compares with an estimated £299m the previous year, if the firms had been combined at the time.

It has already reported that like-for-like sales are up six per cent.

Its full-year results will come a week after signing an agreement with US mobile network operator Sprint that could see it build up a significant presence in the US with 500 Sprint-branded stores.

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