Kingfisher Full-Year Net Profit Rises 30%

Kingfisher PLC KGFHY reported a 30% surge in its full-year profit. Kingfisher's net profit for the full year climbed to 649 million pounds ($1 billion), from £494 million in the previous year. Its sales surged 3.6% to £10.8 billion and climbed 1.3% on a comparable basis. Kingfisher lifted its full-year dividend by 25% to 8.84 pence. Kingfisher shares closed at $9.36 yesterday.