Britain’s Kingfisher sees annual profit toward bigger stop of forecasts

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LONDON (Reuters) – British home advancement retailer Kingfisher forecast comprehensive year profit to the better end of its previously guided variety of 910-950 million lbs . ($1.23-$1.28 billion) just after reporting strong 3rd quarter gross sales on a two-yr basis.

The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other marketplaces, mentioned like-for-like income fell 2.4% in the three months to Oct. 31 against superior numbers a yr ago when it benefited from soaring demand for the duration of the COVID-19 pandemic.

But like-for-like sales on a two-calendar year foundation have been up 15.%.

($1 = .7410 pounds)

(Reporting by James Davey enhancing by Person Faulconbridge)

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