Kingfisher PLC KGFHY reported a drop in its first-half profit.
Kingfisher's sales for the period fell to GBP5.48 billion, from GBP5.66 billion, in the year-ago period. Kingfisher's pretax profit dropped to GBP364 million from GBP438 million, while net profit fell to GBP259 million from GBP321 million.
Its adjusted pretax profit declined 15% to GBP371 million, from GBP439 million.
Kingfisher shares fell 2.69% to close at $8.67 yesterday.
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