Kingfisher PLC (KGF.L) said it has delivered a very strong financial performance for the year ended 31 January 2022. Adjusted pre-tax profit increased 20.9%, reflecting higher retail profit and lower net finance costs. Retail profit were up 16.7% in constant currency, driven by strong growth in UK & Ireland and France. Sales increased 9.7% in constant currency, driven by strong demand across both retail and trade channels. Like-for-like sales were up 9.9%, for the period. Looking ahead, the Group said it is comfortable with the current consensus of sell-side analyst estimates for fiscal 22/23 adjusted pre-tax profit .
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