News Videos
World
International Edition

Thursday

June 22, 2017

Breaking News, World News and Taiwan News.
About Us
E-Newsletter
Advertise
Contact Us

Kingfisher logs rising Q1 sales thanks to the favorable weather in Europe

LONDON--Kingfisher, Europe's biggest home-improvements retailer, on Thursday posted rising quarterly sales on the back of warmer weather.

Total revenues rose 6.1 percent to 2.783 billion pounds (US$4.649 billion, 3.420 billion euros) in the 13 weeks to May 3, compared with the same period a year earlier, it said in a trading update.

Kingfisher, which owns French home-improvement chains Castorama and Brico Depot as well as B&Q in Britain, added that pre-tax profits jumped 20 percent to 142 million pounds in the reporting period.

The London-listed firm also announced a special shareholder dividend of 4.2 pence per share as part of its ongoing capital returns program.

"We have made a strong start to the year, capitalizing on more favorable weather conditions right across Europe to achieve sales and profit growth in France, the UK & Poland, our three largest markets," said chief executive Ian Cheshire.

The group added that talks with Mr. Bricolage were continuing, as it seeks to extend its strong presence in France.

MOST POPULAR OF THIS SECTION
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search