Kingfisher FY Pretax Profit Rises

Kingfisher reported fiscal year statutory pre-tax profit up 23.0% to £378m and statutory basic EPS rose 39.5% to 14.0p. On an adjusted basis, pre-tax profit increased 6.0% to £560m and adjusted basic EPS was also higher (detail not provided). Results indicate a solid earnings improvement for the retailer.

Analysis

Kingfisher reported fiscal year statutory pre-tax profit up 23.0% to £378m and statutory basic EPS rose 39.5% to 14.0p. On an adjusted basis, pre-tax profit increased 6.0% to £560m and adjusted basic EPS was also higher (detail not provided). Results indicate a solid earnings improvement for the retailer.