B&Q owner Kingfisher has seen ecommerce sales soar in the first half of the year and pre-tax profits climb in what chief executive Thierry Garnier hailed as a “resilient” set of results.
In the six months to July 31, ecommerce sales across the French home and DIY giant’s brands grew 164% and now account for 19% of the group’s total sales.
The retailer’s statutory pre-tax profit rose 62.4% to £398m and adjusted pre-tax profits grew 23.1% to £415m.
Overall sales slipped 1.3% to £5.9bn which reflected the adverse effects across the business due to the coronavirus in the first quarter of the year.
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