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Latest Share Chat

Britain's Kingfisher profit jumps 44% on booming DIY in pandemic

Mon, 22nd Mar 2021 07:14

LONDON, March 22 (Reuters) - British home improvement
retailer Kingfisher reported a 44% jump in full-year
profit, driven by the popularity of do-it-yourself (DIY)
projects during the COVID-19 pandemic.

Kingfisher, which owns B&Q and Screwfix in the UK and
Castorama and Brico Depot in France and other markets, said on
Monday it made adjusted profit before tax in the year to Jan. 31
of 786 million pounds ($1.1 billion), ahead of analysts' average
forecast of 757 million pounds and the 544 million pounds made
in 2019-20.

($1 = 0.7223 pounds)
(Reporting by James Davey; Editing by Edmund Blair)

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