Marks and Spencer Posts Rise In H1 Net Profit

Marks and Spencer Group PLC

reported an increase in its first-half net profit. Marks and Spencer's net profit surged around 13% to GBP249.6 million, versus a year-ago profit of GBP220 million. Its sales climbed to GBP4.88 billion from GBP4.70 billion, while profit before tax and one-off items declined 9% to GBP287.3 million. Marks and Spencer shares closed at $15.59 yesterday.