Dixons Carphone enjoys double digits profits rise in Post Brexit vote period
Profits at Dixons Carphone have jumped 19% after a rise in sales of phones and domestic appliances. In the six months to 29 October, pre-tax profits climbed to £144m while sales rose 4% to £4.9bn.
The firm said it had seen no effect on consumer demand as a consequence of the Brexit vote, but was planning for “more uncertain times”.
“In particular, we have been focusing on reducing our fixed cost base,” said Seb James, group chief executive.
“[We are also] identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities.”
Dixons Carphone was created from the £5bn merger between Dixons and Carphone Warehouse in 2014. It employs 42,000 staff in the UK and overseas.