For the six months to July 31st Kingfisher posted a 12.5 per cent fall in its statutory pre-tax profit which came in at £245 million. Sales had dropped to £6 billion during the period – a fall of 0.8 per cent on a constant currency basis or 1.8 per cent like-for-like. The market has been hit hard by falling consumer confidence and a reduction in home sales, as well as formidable competition.
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