Feeds

Dixons shares tumble despite profit surge

Keeping mum about Freeserve

  • alert
  • submit to reddit

Seven Steps to Software Security

Dixons saw its share price fall today despite topping profit forecasts.

The PC retailer's share price fell six pence in morning trading to 274 pence after it failed to reveal details of trading for the current financial year or any fresh information on the Freeserve situation.

Pre-tax profit rose 104 per cent to £472.1 million for the year ended April 29 2000, on the back of a 23 per cent increase in sales to £3.89 billion. Analysts had predicted £255-262 million.

Profit before exceptionals, tax and Freeserve were up 11 per cent £263 million. Gross margin fell one per cent over the year.

Regarding Freeserve, the company only repeated what was said on June 26 - that the two "continue to have discussions with a number of parties about a variety of potential transactions".

In regard to current trading, Dixons revealed no more than: "The new financial year has started with further sales growth against tough comparatives."

Last month the company confirmed that T-Online had pulled out of a deal to buy Freeserve. ®

Boost IT visibility and business value

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.