Thursday, June 24, 2010

LONDON Results Round Up

Date: Thursday 24 Jun 2010
DSG International is changing its name to Dixons Retail after reporting slightly better than expected full-year profits and forecasting a continued improvement in profitability during the coming year.

The Currys and PC World owner’s underlying pre-tax profit rose to £90.5m in the 52 weeks ended 1 May from £56.1m last time. Societe Generale was looking for a pre-tax profit of £85m, in the middle of the £80m to £90m consensus range.

Subject to shareholder approval, the firm's registered name will be changed to Dixons Retail plc "in order to harness the strength of the Dixons name and to reflect the resurgence of the company".

Packaging and office products firm 
DS Smith narrowed losses last year and said the current year has started in line with expectations.

“Trading in the current financial year has started well and is in line with our expectations. We are experiencing increasing sales volumes due to the continuing recovery in market conditions. We are also benefiting from the success of our service and product offering,” said the group

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