Kingfisher squeezes out a little bit extra

published 22 March 2012

Do-it-yourself retail leviathan Kingfisher has revealed details of the next phase of its 'Creating the leader' strategic initiative after announcing results a smidgen above market expectations.

Sales in the year to January 31st rose 3.6%, or 3.3% on a constant currency basis, to £10,831m from £10,450m the year before. Like-for-like (LFL) sales were up 1.3%. The market had been expecting turnover of £10.8bn.

Adjusted pre-tax profit jumped 20.4% to £807m from £670m the year before, slightly ahead of the £801.9m the market had been expecting.