September 21, 2021
LONDON (Reuters) – British home improvement retailer Kingfisher reported a 61.6% jump in first-half profit on the back of a pandemic do-it-yourself boom and raised its sales expectations for the second half.
The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, made an adjusted pretax profit of 669 million pounds ($914.3 million)for the six months ended July 31 – ahead of guidance of 645-660 million pounds and up from 415 million pounds in the same period last year.
($1 = 0.7317 pounds)
(Reporting by James Davey, Editing by Paul Sandle)
Source Link Kingfisher profit up 62% on home improvement boom
