The Dixons Retail Group has said that it has recorded an increase of 3 per cent in like-for-like sales during the six months till 13 October, 2012. Group sales were recorded at 3.29 billion pounds.

The UK and Ireland division is likely to post a profit for the first time in five years. The group, which owns Currys and PC World, said that its market position in the UK is strengthening after its rival, Comet collapsed and went under administrators earlier during the month.

Comet went under administration as it continues to struggle in the market due to reduced consumer spending. The move will put 6,000 jobs at risk at Comet, which was purchased by private equity firm OpCapita for just £2 in the previous year. OpCapita had indicated weeks ago that it is looking into a number of potential bids for retailer that runs 240 chains.

Dixon said in a statement, "While there may be some disruption while Comet completes the 'fire-sale' of its stock in the short term, Currys and PC World will benefit from the consolidation and we look forward to re-investing further gains into the offer for customers."

Dixon reported a loss before tax of 22.2 million pounds for the 24 weeks to October 13.