Dixons sees sales and profit grow

Things not that bad on the high street after all, then

Dixons expects to create around 2,000 new jobs in the wake of healthy financials for the six months ending 14 November. Pre-tax profit was up five per cent to £80.9 million, up from the previous year’s figure of £77.1 million. The group said its retail sales had gone up by 11 per cent to £1.43 billion, against £1.28 billion for the same period last year. The group’s retail division saw profit slip by five per cent, recording an operating profit of £62.6 million, compared with £65.8 million last year. Dixons’ chairman, Sir Stanley Kalms, said: "Retail sales for the first eight weeks of the second half (of the year) increased by 14 per cent in total and three per cent on a like-for-like basis." ®

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