Dixons Carphone: profit up 10% in fiscal 2016/2017.
(CercleFinance.com) - Britain's Dixons Carphone on Wednesday said headline profit before tax grew 10% in the 12 months to April 2017, in line with expectations.
The electricals and mobile phone retailer reported pre-tax profit of
501 million pounds for its 2016/2017 fiscal year, compared to 457 million pounds a year ago.
Like-for-like sales rose 4 percent, driven by Southern Europe.
Analysts at Liberum still point out that "solid growth has been delivered in the UK in a tougher consumer environment."
The brokerage firm - which has a "buy" rating on the shares with a target price of 430 pence - also says management's outlook statement "remains cautiously optimistic."
"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," commented Dixons Carphone chief executive Seb James.
Listed on the London Stock Exchange, the group's shares are currently up 1.1 percent at 299.3 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The electricals and mobile phone retailer reported pre-tax profit of
501 million pounds for its 2016/2017 fiscal year, compared to 457 million pounds a year ago.
Like-for-like sales rose 4 percent, driven by Southern Europe.
Analysts at Liberum still point out that "solid growth has been delivered in the UK in a tougher consumer environment."
The brokerage firm - which has a "buy" rating on the shares with a target price of 430 pence - also says management's outlook statement "remains cautiously optimistic."
"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," commented Dixons Carphone chief executive Seb James.
Listed on the London Stock Exchange, the group's shares are currently up 1.1 percent at 299.3 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.