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The Woolworths, Comet and Superdrug conglomerate says it opened a record 120 new shops over the past year.
The internet is a growing market but the real story here is the growth of our core business.  |
Sir Geoffrey Mulcahy, chief executive
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It says it will be dividing its online operations into five units, each capable of being floated off separately in future.
Last week, it floated its jointly owned French internet service provider, Libertysurf, valuing its 45% stake at more than £1bn.
The five new online operations will be DIY, electricals, Woolworths, health and beauty and e-Kingfisher investments, which will invest in internet companies.
Record profits
Kingfisher's chief executive Sir Geoffrey Mulcahy, said: "The internet is a growing market but the real story here is the growth of our core business."
In the year to 29 January, profits were the highest ever after tough measures to keep prices down at its B&Q and Comet stores.
Pre-tax profits were £734m, compared with £584.7m a year earlier - before exceptional items - and were well ahead of brokers' forecasts.
Kingfisher said another 160 stores will be opened in the coming year - 60 in the UK.
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