Kingfisher profit beats estimates on growth at B&Q

Kingfisher, Europe’s largest home-improvement retailer, which owns B&Q here, reported profit that beat estimates, amid growth in the UK and Poland.

Pretax profit before one-time items was little changed, at £678m (€863m) in the year to the end of January, the London-based retailer said. Analysts expected £667m, according to the average estimate.

The shares rose over 1% at one stage, as Kingfisher also revealed that it has agreed to complete its exit from B&Q China.