Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance News » Retailer Kingfisher's first-half profits jump

Retailer Kingfisher's first-half profits jump

LONDON (AFP) � Kingfisher, the biggest home-improvements retailer in Europe, said on Thursday its first-half net profits leapt more than a third due to improved trading at B&Q and cost-cutting.

Despite the upbeat performance, the group sounded a cautious note and forecast "challenging times" ahead because of the global economic outlook.

Profits after tax rallied 36.7 percent to 201 million pounds in the 26 weeks to August 1, compared with the same period of the previous financial year.

Total sales increased by 7.3 percent to 5.502 billion pounds, Kingfisher added in a results statement.

The group, which operates more than 820 stores in eight countries across Europe and Asia, also owns Castorama and Brico Depot stores in France.

"We have delivered a strong set of results against a generally tough economic backdrop in our major markets," said Chief Executive Ian Cheshire in the earnings release.

"We grew market share and our self-help initiatives are working, particularly in the UK, where a stronger B&Q was able to capitalise on better weather and the renewed consumer interest in the home and DIY."

He added: "Looking forward, given widespread economic uncertainty, we continue to plan for challenging times."



More Finance News
1 2 3 4 5 6 7 8 9 10 11 >> Next


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.