Kingfisher PLC, a home improvement company, released its half-year financial report for the six months ended July 31, 2024. The report highlighted the companys financial performance, strategic initiatives, and market outlook. Despite challenging economic conditions, Kingfisher maintained its position with sales of £6.756 billion, a slight decrease from the previous year. The companys focus on cost management and inventory control contributed to a solid financial position. The report also outlined Kingfishers progress in its strategic priorities, including e-commerce expansion, data-driven customer experience, and trade business development. The companys outlook for the full year 2024/25 was positive, with an adjusted pre-tax profit range of £510 million to £550 million.
| Year | Sales | Gross Profit | Operating Profit | Statutory Pre-tax Profit | Statutory Basic EPS | Net Increase in Cash | Interim Dividend |
|---|---|---|---|---|---|---|---|
| 2024/25 | £6,756m | £2,480m | £374m | £324m | 12.8p | £124m | 3.80p |
| 2023/24 | £6,880m | £2,495m | £367m | £317m | 12.4p | £51m | 3.80p |