B&Q owner reports fall in profits as DIY chain remained under pressure

The owner of B&Q has reported a 12.5 per cent fall in pre-tax profits to £245m for the six months to July 31 as sales at the DIY chain remained under pressure.

Kingfisher said the UK performance and that of its operations in France were “disappointing” and cautioned the outlook for the rest of the year was mixed.

In the UK, it said like-for-like B&Q sales dropped 3.2 per cent over the first half while its Screwfix arm delivered growth of 5.1 per cent.

The...
source: Yorkshire Post

2019-09-18 15:08
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