By Daniel Hunter

Dixons Carphone has reported a 21% rise in pre-tax profits in its first full-year results since its merger last year.

Dixons, which owns Currys and PC World, merged with Carphone Warehouse last year. The company said profits grew from £316 million to £381m in the 13 months to 2 May.

The retailer reported a 1.8% rise in revenues. But the £9.9 billion figure reported was slightly below expectations of £10bn.

Dixons Carphone finance director Humphrey Singer said he was "comfortable" with forecasts of a 17% rise in annual profits for the next financial years.

UK and Ireland sales were up 7% to £6.45bn, which includes a 2% rise from an extra five week period due to a change in its accounting period.

Like-for-like sales, which exclude new stores, were up 8% as a result of strong demand for electrical goods like HD TVs.