By  on June 20, 2012

PARIS — Hennes & Mauritz AB said net profits rose 22.6percent in the fiscal second quarter as the Swedish fast-fashionretailer posted strong sales across its 44 markets and reaped thebenefits of better sourcing conditions, including lower cotton prices.

Profitafter financial items rose to 5.2 billion Swedish kronor, or $765million, from 4.2 billion kronor, or $679 million, during thecorresponding period last year. All dollar rates are calculated ataverage exchange rates for the period in question.

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