Kingfisher H1 Adj. Pretax Profit Declines, LFL Sales Down 2.2%; Updates FY Profit Outlook

Kingfisher PLC (KGF.L) reported that its first half pretax-profit declined to 317 million pounds from 474 million pounds, last year, reflecting lower operating profit, including the impact of impairments reflecting revised future projections. Earnings per share was 12.2 pence compared to 18.3 pence. Adjusted pretax profit declined to 336 million pounds from 472 million pounds, last year, reflecting lower retail profit and higher central costs and share of JV interest and tax, partially offset by lower net finance costs. Adjusted earnings per share was 12.8 pence compared to 18.0 pence.

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