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Carphone Warehouse posts 8.3 pct first-half sales rise

Thu, 14th Nov 2013 07:14

LONDON, Nov 14 (Reuters) - Europe's biggest independentmobile phone retailer Carphone Warehouse said it was ontrack to meet full-year expectations after posting an 8.3percent rise in first-half underlying sales.

The group, which in April agreed to buy back Best Buy's stake in its European joint venture for 471 millionpounds ($753 million), said sales had been boosted by morecontract connections, which helped offset a weak prepay market.

The firm said growth in second-quarter like-for-like saleshad slowed to 3.6 percent, as expected, in part due to customersputting off upgrades and waited for the 4G roll-out.

Carphone said it was well placed ahead of the key Christmastrading period.

The company made a group headline profit before tax of 19million pounds for the 26 weeks to Sept. 28, up from 4 millionpounds in 2012 and reiterated its full-year guidance for EPS ofbetween 17 and 20 pence.

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