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.


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