Dixons Preliminary Results (26th June 2014)

Dixons Retail (DXNS) - Profits Up!

Dixons released its preliminary Results today - with very impressive figures. The key financial highlights are set out below:

Financial highlights

• Total underlying Group sales up 3% at £7.22 billion (2012/13 £7.03 billion).
• Group gross margins down 0.2% in the full year, with an improvement in the second half.
• Total profit before tax after non-underlying items increased by 53% to £132.9 million (2012/13 profit of £86.6 million).
• Post tax non-underlying charges of £186.0 million, relating mainly to disposals of non-core operations. 
• Underlying diluted earnings per share 3.0 pence (2012/13 earnings of 2.6 pence). Basic loss per share including discontinued operations of (1.9) pence (2012/13 loss per share of (4.5) pence).

You can view the full results announcement here.

If you'd like to watch an inteview with Sebastion James (Group CEO), you can watch the video HERE.

However, in the long-term, will the proposed Carphone Warehouse merger be "diworsification" as Peter Lynch termed it? What do you think?