By Daniel Hunter

The newly merged Dixons Carphone has said it had a "barnstorming performance" in its first six months results.

The electronics retailer reported underlying profits of £78m.

But it posted a £20m loss when one-off costs relating to the writing down of assets in the Netherlands and Germany.

Chief executive Sebastian James said: "We have seen a barnstorming performance from our UK and Ireland division.

"This has been driven by continued improvements in price and service, competitive changes, technology launches and some recovery in the economy.

"Life has been tougher for our smaller European phone businesses who are strategically less able to be robust in the face of market changes and we are in the midst of restructuring and reviewing these operations."

Dixons Carphone, which owns PC World, Currys and Carphone Warehouse, said group sales were up 5%.

In the UK, the firm said it saw strong sales of white goods and TVs.

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