Profits boost for Carphone Warehouse

Carphone Warehouse posted profits ahead of expectations today, after benefiting from a "buoyant" mobile market and the growth of its TalkTalk service.

The group, which has more than 1,300 retail outlets, said profits for the 26 weeks to September 25 improved 38.3 per cent to £28.1 million, with sales at £1.03 billion after a 25.1 per cent gain on the previous year.

The profits figure bettered City hopes for £27.5 million, and came with upbeat comments from chief executive Charles Dunstone on the state of the market.

He said: "The outlook continues to be positive. We expect the mobile phone market to continue to grow year-on-year over the Christmas period and into the New Year."

Carphone pledged to open more stores to consolidate its market position, while it will soon launch broadband services in the UK to drive further growth for its TalkTalk residential fixed-line operation.

The company said 650,000 customers had joined TalkTalk in the UK over the last 18 months with the service now operating profitably after a brand-building exercise that cost £18.8 million in marketing in the half year.

Carphone stuck by its target of 900,000 TalkTalk customers by March of next year while it has also launched the service in France, Spain and Germany.

In the pan-European retail business, revenues rose 22.5 per cent to £491.4 million with connections up 23.6 per cent to 2.77 million as technical developments such as 3G and picture phones brought more handsets onto the market.

Mr Dunstone added: "The mobile retail environment continues to be buoyant, with a wealth of new products and attractive offers for customers.

"Mobile markets across Europe are becoming more fragmented with the arrival of new entrants, making the need for impartial advice ever greater."

Mr Dunstone said the prospects meant the company had "no hesitation" in offering shareholders a 37.5 per cent higher half-year dividend of 0.55p a share.

Suggested Topics
Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Content Writer - Global Financial Services

£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...

Recruitment Genius: Web Developer - PHP

£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...

Recruitment Genius: Field Sales Consultant - Financial Services - OTE £65,000

£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Loan Underwriter

£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...

Day In a Page

A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory