July 22, 2020 / 6:15 AM / 18 days ago

DIY group Kingfisher sees first half profit ahead of last year on strong demand

LONDON, July 22 (Reuters) - Home improvement retailer Kingfisher on Wednesday forecast first half underlying profit ahead of last year after strong second quarter trading, combined with cost reductions.

Kingfisher, which owns B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, said in the second quarter to July 18 underlying sales were up 21.6% as it benefited from strong demand across its markets.

Reporting by James Davey; editing by Sarah Young

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