Electrical retailer Dixons delivered an 11% rise in annual profits today following strong performances from its Currys and PC World chains.
The improvement in the pre-exceptionals figure to £331.6 million came despite a "disappointing" showing from Dixons branded stores, where sales fell 6% in the year to May 1.
In contrast, Currys grew sales by 4% and PC World by 6%.
The company said trading in the new financial year had started in line with expectations but expressed caution about the UK market because of the impact of higher interest rates and a possible slowdown in house prices.
It added that continued store expansion would create another 1,000 jobs in the UK this year, including through the further development of its XL format of Dixons outlets.
Wednesday June 23, 2004
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