Expansys expands abroad

Consumer electronics retailer Expansys yesterday reported a pre-tax profit of £0.8m for the six months to 31 October, compared to a loss of £39,000 in the same period last year. The company, which counts Dragon’s Den co-star Peter Jones among its biggest shareholders, said the swing into the black was due to strong growth in Asia, where sales more than doubled, and the US. But UK retail business saw revenue and profits fall in this half, the group admitted.