DSG Ireland, part of the UK Dixons Group, said that sales grew by 11% to £80m sterling for the year ending April 2005. This was up from £72m the same time last year, with like for like sales up by 3%.
The group reported an operating profit of £2.5m, up from £1.4m.
DSG Ireland said that newer technology, including MP3 players, iPods and digital cameras, along with flat panel TVs, refrigeration products and washing machines were all good sellers during the year.
The retailer, which trades from 17 stores as Dixons, Currys and PC World in Ireland, intends to open four new stores this financial year. It says this will create up to 125 new jobs - taking its total Irish workforce to 600.
The group opened a PC World store at Airside retail and business park, North Dublin, earlier this month. Another PC World store is scheduled to open at Carrickmines in the south of Dublin in late August.
'I am pleased with another strong result for DSG Ireland in 2004/05', commented Declan Ronayne, general manager of DSG Ireland.
'The continued expansion of PC World, delivering unparalleled range, value and service to Irish customers, has provided the foundation for another successful trading year,' he added.
The group's UK parent this morning posted full year profits in line with market expectations. The company also announced £30m sterling in cost cuts as it grapples with a challenging trading environment.
Dixons said its pre-tax profits fell by 8% to £336.8m sterling, just ahead of forecasts of £336m, as group sales rose by 8% to £6.98 billion and same-store sales few by 2%.
Underlying pre-tax profits, when adjusted for discontinued operations, goodwill amortisation and exceptional items, rose by 4% to £343.1m.
The company which trades as Dixons, Currys, PC World and The Link in the US, and as PC City, Elkjop and UniEurope in Europe, also said today that it would change its name to DSG International.
