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B&Q owner sees profits rise to £787m

By Staff Reporter

B&Q owner Kingfisher hailed an "important year" as it revealed a 14.7% hike in annual profits thanks to an overhaul of its DIY chain and surging sales at Screwfix.

The group posted underlying pre-tax profits of £787m for the year to January 31, up from £686m a year earlier, after seeing B&Q like-for-like sales lift by 3.5%. B&Q shut four stores here last year, including the Boucher Road store in Belfast, Buncrana Road in Londonderry, along with branches at Ballymena and Craigavon.

Kingfisher's trade-focused arm Screwfix was once again the star performer, with same-store sales leaping 13.8% higher.

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