Kingfisher reveals second quarter results

<p>Kingfisher had a strong second quarter, the firm reveals.</p>

Kingfisher has revealed that it enjoyed a strong performance in the second quarter of the year, thanks to the improved weather conditions in the UK.

The company, which is the parent firm of B&Q, Castorama and Brico Depot in France, announced that its pre-tax profits for the six months to August 3rd were 10.2 per cent higher, at £401 million.

Chief executive Ian Cheshire stated that the first quarter had been "difficult" for the business, but it has been able to bounce back between May and July.

He said: "We were able to capitalise on the better weather in the second quarter, particularly in the UK."

Outdoor goods sales, having dropped by 11 per cent in the first quarter, rebounded to record a 17 per cent hike in Q2.

Despite Mr Cheshire stating that the company is happy with the results, the share price of Kingfisher has fallen during trading today (September 11th).

At 16:01 BST, its stocks were selling for 3.48 per cent less than at the start of the session.

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