Dixons Retail, which owns Currys and PC World in the UK, has announced a fall in both annual sales and profits but said like for like sales have risen 3 per cent on the year.

The group reported underlying pre-tax profits of £70.8 million in the financial year 2011-12, down from £85.3 million (€106m) in 2010-11. Net debt almost halved to £104 million from a year earlier.

The company added that it was “on target” to make a £160 million repayment due in November. This followed the agreement of a new credit facility with its banks last month.

Other posts by :

1. IRIS2 free for government usage?
2. Bank: AST SpaceMobile will orbit 356 satellites by 2030
3. SpaceX launches 600th rocket
4. Starlink: 10m customers and counting
5. SES predicts end of ‘big’ Geo satellites
6. Amazon Leo gets approval for 4,504 extra satellites
7. SpaceX gets a portion of India
8. TerreStar wants to build LEO network
9. Musk: “No Starlink phone”

Categories: Articles, Business, Results