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Carphone credits Tiscali for growth

Carphone Warehouse said today it is on track to split its business into retail and telecoms arms by early next year, and it expects profits to be higher than previously predicted.

For the six months ended 30 September the company made sales of £789m, up 13 per cent on last year. Profit after tax was £20m and CPW now expects earnings per share for the year to be between 14 and 15 pence per share - between £40m and £50m for the year.

Average Revenue Per User was £23.50, up four per cent, Arpu excluding Tiscali was £23.90, up six per cent.

CPW has 2.95m broadband customers on unbundled lines, excluding Tiscali it has 2.32m, up 14.5 per cent on last year. Just over half of Tiscali broadband customers are now on unbundled lines. The group now has 1,714 unbundled exchanges - covering some 80 per cent of the UK population.

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