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Computing brings in the revenues for Dixons Carphone

Computing and consumer electronic sales helped Dixons Carphone deliver a strong set of prelim numbers for its fiscal year

Computing sales did their bit to help Dixons Carphone deliver a solid set of preliminary numbers for the fiscal year that ended in April.

The retailer saw its revenue climb by 4% like for like in the 12 months ended 29 April and pre-tax profits climbed from £263m to £386m.

In the UK revenues were up year-on-year by 3% with the firm managing to transfer sales from closed stores with the country expected to bring in a £385m profit, up from the £371 in 2015/16.

"Over the last few years a great deal of work has been done to make the company stronger, lower risk and more
resilient. We are seeing the upside of these efforts now as we declare record headline profits before tax of over half a billion pounds – up 10%," said Seb James Dixons Carphone Group chief executive.

"More importantly, the improvement in our cost base, the strong leadership position that we have built, the investment that we have made in our digital business and, above all, the enormous shift in customer satisfaction and price competitiveness that we have driven leave us well positioned to flourish in the years ahead," he added.

James said that the UK consumer environment was "holding up" but the way customers purchased good was changing and it had to keep pace with those developments.

The retailer saw market share gains in computing, consumer electronics and white goods but found that the mobile market posed a bit more of a headache.

Products on that side suffered delayed launches, safety and supply issues and a lack of innovation, according to the retailer.

The results come at a time when the consumer side of the PC market continues to show weakness as customers slow spending and the tablet space reaches saturation point.

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