Good results

Kingfisher, the UK DIY retail chain, has successfully completed the first quarter of the group's 2010/11 financial year (to 1 May). As the company announced last week, sales for the first three months amounted to £ 2.642 bn, putting them at last year's level. There was a sales decline of 0.2 per cent in constant currency. Retail profit saw an increase of 14.5 per cent to £ 146 mio. Growth of 2.2 per cent to £ 1.06 bn was reported for Kingfisher France, and a loss of 2.0 per cent to a total of £ 1.166 bn for the United Kingdom and Ireland.