B&Q hurts Kingfisher profits

B&Q owner Kingfisher today highlighted the difficult trading environment in the UK DIY sector by posting a 12.6% drop in half-year pre-tax profits.

Kingfisher reported pre-tax profits of £223.1m (€330.4m) for the six months to July 29 against £255.2m (€378m) in the same period last year.