LONDON (Alliance News) - Home improvement retailer Kingfisher Plc (KGF.L) posted a 10.2% growth in first-half statutory pre-tax profit to 401 million pounds, from last year's 364 million pounds, while adjusted pre-tax profit slid 1.6% year-on-year to 365 million pounds, from 371 million pounds. On a statutory basis, six-month profit after tax totaled 440 million pounds, up 69.9% from the previous year's 259 million pounds.
Half-yearly earnings per share improved to 18.5 pence, from 10.9 pence a year ago. On a more comparable basis, eliminating the impact of exceptional items, prior year tax adjustments and financing fair value remeasurements, adjusted earnings per share stood at 11.2 pence, the company said.
Total Group sales for the half year were 5.72 billion pounds, a 4.3% increase on a reported basis, compared with the prior-year figure of 5.48 billion pounds.
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Kingfisher (KGF)