Argos owner sees profits rise as turnaround push shows promise

LONDON, April 30 Wed Apr 30, 2014 2:20am EDT

LONDON, April 30 (Reuters) - Home Retail, Britain's biggest household goods retailer, posted a 27 percent rise in full-year profit as its digital push at Argos and revamps at Homebase start to bear fruit.

The company said on Wednesday underlying pretax profit for the year to March 1 rose to 115.4 million pounds ($194.40 million), slightly ahead of analyst forecasts of 112 million pounds, on total sales up 3 percent to 5.7 billion pounds.

Sales at Argos stores open over a year rose 3.3 percent, led by strong demand for TVs, games consoles and tablets, and grew 5.9 percent at home improvement chain Homebase.

($1 = 0.5936 British Pounds) (Reporting by Neil Maidment; editing by Kate Holton)