Kingfisher Profits Increase
B&Q parent company Kingfisher announced a near 50% increase in profits after a strong performance from its British DIY business empire. Kingfisher saw adjusted pre-tax profits leap to £547 million in the year to January 30, compared with £368 million in the previous 12 months.
The group’s British division, which includes Screwfix, saw total sales increase by 1.2% to 4.4 billion during the year with retail profit growing to £217 million.
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