Feeds

Carphone credits Tiscali for growth

Ringing up profits

Security for virtualized datacentres

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
Shades of Mannesmann: Vodafone should buy T-Mobile US
Biting the bullet would let Blighty-based biz flip the bird at AT&T
Net neutrality fans' joy as '2.3 million email' flood hits US Congress
FCC invites opinions in CSV format, after Slowdown day 'success'
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.