Carphone Warehouse announces 14 percent jump in revenues

By Margarita Snegireva. Carphone Warehouse Group Plc said revenue gained 14 percent in the third quarter, driven by demand for broadband Internet services.

Photo: Carphone Warehouse announces 14 percent jump in revenues

Sales rose to 1.23 billion pounds ($2.42 billion) in the 13 weeks ended Dec. 29 from 1.08 billion pounds a year earlier, London-based Carphone Warehouse said today in a Regulatory News Service statement. Sales of fixed-line services, which include broadband, advanced 35 percent to 349 million pounds.

The Carphone Warehouse Group PLC, known as The Carphone Warehouse, is Europe's largest independent mobile phone retailer, with over 1,700 stores across Europe. They are based in the United Kingdom. Outside the UK and the Republic of Ireland, the retailer is named The Phone House.

The company was co-founded (with David Ross) in 1989 by current CEO Charles Dunstone from £6,000 savings. The 2006/07 Annual Report reported revenues have reached almost 4 billion pounds sterling (£3,991.5m).

The company has gained recent notice, from the talent show Britain's Got Talent. Paul Potts a Carphone Warehouse local branch manager, won the show, gaining £100,000, a record deal on behalf of Simon Cowell, and the chance to sing at the Royal Variety Performance in front of the British Royal Family.