Dixons Carphone reveals 21% surge in profits following merger

Electricals and mobile phones giant Dixons Carphone hailed a “terrific year” as it revealed a 21% surge in profits in its first set of annual results since being created following a merger between two of the high street’s biggest names.

The group behind Carphone Warehouse and Currys PC World said underlying pre-tax profits leapt to £381m in the 13 months to May 2 after robust trading for both its electricals and mobile business.