Feeds

Carphone credits Tiscali for growth

Ringing up profits

Top 5 reasons to deploy VMware with Tegile

Carphone Warehouse said today it is on track to split its business into retail and telecoms arms by early next year, and it expects profits to be higher than previously predicted.

For the six months ended 30 September the company made sales of £789m, up 13 per cent on last year. Profit after tax was £20m and CPW now expects earnings per share for the year to be between 14 and 15 pence per share - between £40m and £50m for the year.

Average Revenue Per User was £23.50, up four per cent, Arpu excluding Tiscali was £23.90, up six per cent.

CPW has 2.95m broadband customers on unbundled lines, excluding Tiscali it has 2.32m, up 14.5 per cent on last year. Just over half of Tiscali broadband customers are now on unbundled lines. The group now has 1,714 unbundled exchanges - covering some 80 per cent of the UK population.

Best Buy Europe brought in £1,674m, up four per cent on last year. It has 2,459 stores, after closing 63 and opening 63 over the year.

Best Buy Mobile - its US joint venture - now operates from 1,055 Best Buy Big Box stores and 52 standalone shops. Best Buy Europe got an £11m profit share from the business in the six months, up from £5m last year.

The company has appointed bankers to help it split the business. It will create two entities - Talk Talk Group PLC and Carphone Warehouse Group PLC made up of a 50 per cent stake in Best Buy Europe, 48.5 per cent of Virgin Mobile France and Carphone Property.

Full statement here. ®

Security for virtualized datacentres

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Consumers agree to give up first-born child for free Wi-Fi – survey
This Herod network's ace – but crap reception in bullrushes
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
New EU digi-commish struggles with concepts of net neutrality
Oettinger all about the infrastructure – but not big on substance
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.