dabs.com profits double

Sales up too

dabs.com today announced pre-tax profits of £5.1m, doubling 2002's £2:5m, on sales advancing 30 per cent to £152m (2002: £117m) for the year to March 31, 2003.

The company claims its operational efficiency was instrumental in "enabling it to maintain its high level of customer satisfaction whilst offering competitive pricing".

In as statement Simon Brayshaw, finance director, said its results "support the view that consumers are becoming increasingly comfortable with buying online. Our strategy is simply to deliver value to price-conscious customers and as such, we've honed our business model so we can quickly bring consumers the latest technologies, at very attractive prices, with all the convenience of direct-to-the-door delivery." ®