Group profits up.

ELECTRICAL retailer Dixons delivered an 11 per cent rise in annual profits today following strong performances from its Currys and PC World chains.

The improvement in the pre-exceptionals figure to pounds 331.6 million came despite a "disappointing" showing from Dixons branded stores, where sales fell 6 per cent in the year to May 1. In contrast, Currys grew sales by 4 per cent and PC World by 6 per cent.

The company said trading in the new financial year had started in line with expectations but expressed caution about the UK market because of the impact of higher interest rates and a possible slowdown in house prices.

It added that continued store expansion would create another 1,000 jobs.

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Publication:	Coventry Evening Telegraph (England)
Date:	Jun 23, 2004
Words:	120
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