HMV has reported its financial results for the year ended April 25, 2009.

Pre-tax profits were up 11.5 per cent to £63 million, while total sales rose 4.4 per cent to £1.94 billion.

The company’s games and technology offerings were a key factor in the annual growth, accounting for 24 per cent of UK and Ireland sales, up from 14 per cent two years ago.

The retailer also counted the successful UK rollout of its pre-owned games initiative, branded Re/Play, among its operational highlights.

"At the end of the second year of our three-year transformation plan the group has delivered further profit growth, despite the challenging retail environment,” said chief executive Simon Fox. “We are continuing to adapt to meet the changes in our markets and, whilst there is still much to do, our plans for the third year of our programme are on track.”