Carphone Warehouse reports jump in sales

The Carphone Warehouse Group has reported a 62 per cent increase in sales to £447.9m in its first set of financial results since it floated in July.

By Sonya Rabbitte, 6 November 2000 11:20

NEWS For the six-month period ending 23 September, pre-tax earnings also rose 62 per cent to £17.1m, while earnings per share, before accounting for exceptional items, jumped 50 per cent to 1.1p. Exceptional items included the costs associated with the group's recently launched mobile internet portal Mviva, and the £16.5m profit earned on AOL's investment in a 15 per cent stake of Mviva. The period showed a strong pattern of acquisition and organic growth, with the group operating 1009 stores across 14 markets compared to 608 stores across nine markets for the same period last year.

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