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| Kingfisher reports 11% pretax profit fall Kingfisher, Europe's leading home improvement retail group and the third largest in the world, reported pretax profit fell 11 percent from a year earlier to £396.6 million for the 12 months to February 3, 2007, below last year's £445.7 million. Kingfisher's B&Q DIY business in Britain delivered sales and profit growth in the second half with good progress in its development programme. In France, where it operates Castorama and Brico Depot, Kingfisher sales grew 9%, ahead of the market. Retail profit was lower reflecting accelerated development and continuing price pressure. Elsewhere in Europe and Asia, sales grew by 30% and retail profit by 37%. write your comments about the article :: © 2007 Construction News :: home page |