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DSG profits down but Irish sales jump

Lap-top computers - Strong performer for DSG
Lap-top computers - Strong performer for DSG

Electrical retailer DSG Ireland has reported that its sales rose by 29% to €195.3m in the year to the end of April.

Like-for-like sales, which strip out the impact of new stores, rose by 8%. DSG has 28 stores, trading as Dixons, Currys and PC World.

The company said satellite navigation, large flat panel TVs and lap-top computers showed particularly strong growth.

Meanwhile, parent company DSG International said it had decided not to enter the Russian market after a review of how other overseas companies have fared there.

DSG also announced a 5% fall in its underlying annual pre-tax profits to £295m, on 14% higher sales of £7.93 billion. The results met forecasts following a May trading statement.