Dixons Retail has seen its like-for-like sales go up by 6 percent to £3.43 billion for the six months to end-October.
The sales measure, which outstrips new store openings, came in at £3.2 billion at the same point in the company’s financial calendar last year. Dixons also said its underlying pre-tax profit stood at £30.2 million, up from £14 million in the previous year.
The electronics retail chain said its UK & Ireland operations had delivered a strong performance, while Northern Europe continued to perform well. It also completed the sale of Electroworld operations in Turkey, Unieuro in Italy and that of PIXmania was expected by the end of this month.
Dixons added that it was on track to reduce costs by the targeted £45 million figure in the current financial year. Additionally, Return on Capital Employed (ROCE) in the 12 months to October-end improved to 15.6 percent, up from the 11.6 percent reported at April-end.
Sebastian James, CEO of Dixons Retail, said: "I am pleased to report that as a group we are reporting an underlying profit for the first time in six years. We remain cautious about the outlook for consumers in our markets; very strong trading this time last year, together with the fact that we have now annualised Comet's exit, makes the second half more challenging.
"Nevertheless, we have had a great first half and our stores have never looked better - or had better offers for customers," he added.