B&Q parent company Kingfisher hailed a near 50% jump in annual profits today amid a strong performance for its UK DIY business.
Kingfisher saw adjusted pre-tax profits leap to £547m (€612m) in the year to January 30, compared with £368m (€411m) in the previous 12 months.
Profits at the UK and Ireland arm soared 64.5%, benefiting from total sales growth in the year as the home improvement market remained resilient despite the recession.