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UK DIY News

The week ahead - Kingfisher Results

B&Q owner Kingfisher KGF presents a third quarter trading statement on Thursday. The retailer reported slightly improved interims with pre-tax profit for the half year as sales were about level with the previous year at £5,454m from £5,502m although international profits rose 21.0% to £71m as the company revealed that it now operates 41 B&Q stores in China. Net cash on the books at the the time was £19m as the interim dividend was maintained at 1.925p. Chief executive Ian Cheshire added then “Kingfisher now generates significantly higher profits and cash flow from its operations and a much better return on capital for its shareholders.”

Source : UK City Media.co.uk

27 November 2010
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