India, March 25 -- Kingfisher plc reported Monday a weak profit in its fiscal year ended January 31, with slightly lower net sales. For the first-quarter to date, like-for-like sales were lower, and the company warned on lower adjusted profit before tax for the current year. The home improvement retailer also maintained its dividend.
Thierry Garnier, Chief Executive Officer, said, "Despite all the macroeconomic and consumer challenges in our markets over the past year, we have stayed focused on our customers and our long-term strategy.... In the short term, while repairs, maintenance and renovation activity on existing homes continue to support resilient demand, we are cautious on the overall market outlook for 2024 due to the lag between ...