Xps Pensions Share News (XPS)

Smartphone retailer eXpansys posted an adjusted first half profit after contributions from two acquisitions and strong sales for smartphones. Adjusted profit before tax increased to £1.4m in the six months to 31 October compared to a loss of £0.2m the same time a year earlier. Revenue was up 61% to £32.7m."We are encouraged by what the business has achieved in H1 as the strategic benefits of the new group structure including DSNS and PJ Media begin to flow into our activities and results," said chief executive Anthony Catterson.He added, "As we move into H2 and the important Christmas trading period, in what continues to be a challenging global market, we hope to see continued improvements across the group as we shape eXpansys for the future."eXpansys said its online execution is improving steadily and it will continue to look at acquisition opportunities.