Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
13 Jun 2024 16:05

UK shareholder meetings calendar - next 7 days

13 Jun 2024 11:56

IN BRIEF: Kingfisher completes third of GBP300 million share buyback

Kingfisher PLC - London-based do-it-yourself retailer with B&Q, Screwfix, Castorama and Brico Depot stores in UK, Ireland and France - Completes secon...

13 Jun 2024 10:23

Kingfisher completes second tranche of £300m buyback

(Sharecast News) - Kingfisher announced the completion of the second tranche of its £300m share buyback programme on Thursday, which it initially...

28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

24 May 2024 15:19

London close: Stocks mixed after disappointing retail sales data

(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.