Friday 20 October 2017

Kingfisher first-half profit falls 1.6pc

A customer shops at a B&Q store in south London June 4, 2008. REUTERS/Alessia Pierdomenico
A customer shops at a B&Q store in south London June 4, 2008. REUTERS/Alessia Pierdomenico

KINGFISHER (KGF.L), Europe's biggest home improvements retailer, met forecasts with a 1.6pc fall in first-half profit.

A better second quarter was not enough to fully offset the impact of poor weather in the first quarter.

The firm, which runs the B&Q and Screwfix chains in its home market as well as Castorama and Brico Depot in France, said on Wednesday it made an underlying pre-tax profit of £365m in the six months to August 3.

That was bang in line with analysts' average forecast, according to a company poll, but down from £371m in the same period last year.

 

Reuters

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