By  on May 21, 2013

LONDON — Net profit at Marks & Spencer plc fell 6.5 percent to 458 million pounds, or $723.6 million, in the fiscal year ended March 30, on the back of broadly flat sales and increased costs.

Group revenue in the period edged up 0.9 percent to 10.03 billion pounds, or $15.85 billion, with sales in key categories down.

Dollar figures have been converted from the pound at average exchange rates for the 12-month period.

Sales of general merchandise, which includes men's and women's wear, were down 2.4 percent, with underlying sales down 4.1 percent.

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