LONDON, March 26 (Reuters) - Kingfisher, Europe'slargest home improvements retailer, met forecasts with an 11.4percent fall in year profit that reflected weather-hit sales,tough consumer markets and unfavourable foreign exchangemovements.
The group, which runs market leader B&Q in Britain andtrades as Castorama and Brico Depot in France, said on Tuesdayit made an underlying pretax profit of 715 million pounds ($1.09billion) in the year to Feb. 2.
That was in line with analysts' consensus forecast but downfrom 807 million pounds made in 2011-12.
Kingfisher said it expected market conditions to remaintough but was confident about its own prospects.