TV sales lift revenues at Comet

Kesa has warned of tough sales this year

Kesa Electricals, the owner of the Comet chain, has thanked strong demand for flat screen TVs as it reported a 3% rise in like-for-like annual revenues.

The London-based pan-European retailer saw revenues for the year ending 31 January 2008 total £4.3bn.

Pre-tax profit at the company, which also owns European stores including Darty and Vanden Borre, fell slightly to £132.8m from £133m a year earlier.

Looking ahead, Kesa said it expects trading conditions to remain tough.

Revenues at the Comet chain were up 3.3% in the past financial year.

"Sales were helped by the continued high demand for new technologies, particularly flat screen televisions and laptops," said Kesa chief executive Jean-Noel Labroue.