Kesa Electricals has seen its revenues increase by almost ten per cent in the year up to January 31st.
The owner of the British outlet Comet said group revenue rose by 9.8 per cent to £4.5 billion, while pre-tax profits soared by 15.4 per cent on the same period in the previous year to £165.4 million.
In the UK, Comet's revenue grew by 9.6 per cent, helped by an 18 per cent rise in web-generated sales, with the year also seeing investment in four British stores.
Flat-screen televisions were among the key drivers in Kesa's growth, with chief executive Jean-Noel Labroue expressing his delight at the impact of the appliances, as well as the popularity of white goods.
"Product and margin mix management and productivity gains helped us make good progress in retail profit," he commented.
"For 2007 we expect the same sales trends to continue, but not at the same rate as last year."
The firm says it is also planning to invest in Comet's trading mezzanine floor development programme, as well as developing its operations in Italy, Switzerland and Turkey.
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