By  on November 6, 2012

LONDON — Marks & Spencer Group plc said its pre-tax profits in the first half fell 9.7 percent to 289.5 million pounds, or $457.4 million, due to higher operating costs and sluggish sales growth in the six months to Sept. 29.

Analysts had expected first-half profits to decline 11 percent.

First half revenue was up 0.9 percent on a constant currency basis, and 0.4 percent at actual currency rates to 4.69 billion pounds, or $7.43 billion. Dollar figures have been converted at average exchange rates for the six months.

RELATED CONTENT: Click Here for More Earnings Coverage >>

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus