By Chloe Rigby

Multichannel retailer Dixons Carphone [IRDX RDXC] today reported rising sales and profits in its latest financial year as it rationalises its store estate and invests in digital.

The retailer, whose range includes white goods and computing, and whose brands include Currys [IRDX RCUR] and PC World [IRDX RPCW], both Leading retailers in IRUK Top500 research, and Top50 retailer Carphone Warehouse [IRDX RCAR] reported group sales of £10.5bn in the year to April 29, 9% on the previous year. Headline pre-tax profits of £571m were up from £478m a year earlier, although bottom line pre-tax profits came in at £386m, 9% up from £263m last time, after one-off charges of £115m related to factors including business exits, merger and transformation costs and value write-downs.

The retailer is currently merging its PC World, Currys and Carphone Warehouse stores into 3-in-1 digitally-enabled brand stores as it looks to reduce its store portfolio by 134. Today it said that like-for-like revenue, which reflects only income from continuing stores, had…