Kingfisher, Europe's biggest home-improvements retailer, said on Wednesday that net profits fell by 19 percent to £259 million ($417 million, 324 million euros) in the first half owing to wet weather. Profit after tax slid in the six months to late July compared with earnings of £321 million in 2010/11, Kingfisher said in a results statement. Retail sales slipped 3.3 percent to £5.478 billion in the reporting period for the company that runs the B&Q home improvements chain in Britain as well as France's Castorama and Brico Depot stores. "This has been a tough first half with unprecedented wet weather throughout the key spring and summer seasons in northern Europe," Kingfisher chief executive Ian Cheshire said in the statement. "This affected footfall and demand for outdoor maintenance, gardening and leisure products, which normally account for a significant proportion of our first half sales." The group was also affected by changes to exchange rates.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor