Electrical retailer DSG International has posted an expected 61 per cent rise in its full-year profit and forecasts more growth in 2010-2011 as its turnaround plan gains traction.

The firm says that although the economic backdrop in Europe will remain challenging in the current year, it is well placed to continue to grow profits.

“The group is well prepared for this environment . . . group profitability will continue to improve,” according to chief executive John Browett.

DSG also says that subject to shareholder approval, it will change its name to Dixons Retail to harness the strength of the Dixons brand, which was the group’s previous name.