The parent company of B&Q and Screwfix has announced plans to open 200 new Screwfix stores across the UK, despite a fall in profits.

Kingfisher said pre-tax profits dropped slightly by 1.8% to £386 million as total sales fell 4.8% £5.49 billion in the first six months of its financial year.

It said it is on track to close 60 B&Q stores by the end of its 2016/17 financial year. But it will also open another 200 Screwfix stores, taking its total in the UK to more than 600.

"I am pleased that we have delivered a solid first half of the year," said Kingfisher chief executive Veronique Laury.

"There remains a lot to be done, however."

Screwfix reported a 16.5% rise in like-for-like sales, which exclude new stores, for the period. And B&Q's were up 0.7%.