Marks & Spencer Group PLC (OTC:
MAKSY) reported a 10% decline in its first-half profit.
Marks & Spencer's pretax profit, before tax and exceptional items, dropped to GBP315.2 million from GBP348.6 million, versus analysts' estimates of GBP311 million.
Marks & Spencer's net profit for the period surged to GBP311.9 million, from GBP162.2 million, in the year-ago period.
Marks & Spencer shares closed at $10.38 yesterday.
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