Dixons group sales hit £3.43bn

International electronic goods retailer, Dixons Retail has reported a 6% year-on-year rise in first half sales; mainly driven by strong growth in its core UK and Ireland division.

The group — which operates the Currys, PC World and Dixons Travel chains — yesterday reported total underlying group sales of £3.43 billion (€4bn) for the six months to the end of October; adding that it is on track to reduce overall costs by £45m in its current financial year and it reached the halfway point in a net cash position of £55.4m, as opposed to a net debt position of £21.9m at the same point last year.

An underlying pre-tax profit of £30.2m marks its first such gain in six years.