Feeds

Carphone credits Tiscali for growth

Ringing up profits

The smart choice: opportunity from uncertainty

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. ®

Mobile application security vulnerability report

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.