Two of the UK’s largest electricals and white-goods retailers will this week show that they have ridden out the recession when they report full-year results.
DSG International, the retailer formerly known as Dixons and owner of the Currys and PCWorld chains, is expected to report underlying full-year pretax profit of between £80m and £90m on Thursday, up from £50.5m last year.
Meanwhile Kesa, the owner of the Comet chain, will report a £76m pretax profit, compared with a £81.8m loss last year due to large impairment charges.
DSGI is two years into a ‘transformation’ programme which has seen underperforming stores closed and new formats launched.
The Sunday Telegraph 20/06/10 page 2, Independent on Sunday 20/06/10 page 76
