September 18, 2019 / 6:15 AM / a month ago

Kingfisher profit falls 6.4% on weak French performance

LONDON, Sept 18 (Reuters) - British home improvement retailer Kingfisher on Wednesday reported a 6.4% fall in underlying first half profit, mainly hurt by the weak performance of its French operation.

The group, whose main businesses are B&Q and Screwfix in Britain and Castorama and Brico Depot in France and elsewhere, said it made an underlying pretax profit of 353 million pounds in the six months to July 31. While that ahead of analysts’ average forecast of 342 million pounds, it was still down from 377 million pounds made in the same period last year.

Kingfisher said its outlook by geography remained mixed, highlighting continued uncertainty around UK consumer demand. (Reporting by James Davey Editing by Shri Navaratnam)

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