High Street

Kingfisher sees profits drop 30%

Sales also saw sales fall by 4.1% on a like-for-like basis to £6.8bn, although the home improvements retailer noted that its sales are now significantly ahead of pre-pandemic levels

Kingfisher has seen its profits fall 30% during the first half of the year ending 31 July, after reporting pre-tax profits of £474m compared with £677m at the same stage last year.

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