Dixons Carphone profits rise 21% amid Greek panic buying

Surge in sales of big-ticket items in Greece is partly responsible for boosting pretax profits to 381m, up from 316m the previous year

Dixons Carphone has reported a 21% rise in profits, in part helped by Greeks panic buying big-ticket items such as large-screen TVs as a safe haven for their cash amid the ongoing economic crisis in the country.

The company, which trades as Carphone Warehouse, Currys and PC World in the UK and Ireland, made pretax profits of 381m in the year to the beginning of May, up from 316m the previous year.