LONDON: Marks & Spencer Group Plc (M&S) reported full-year earnings that beat analysts’ estimates as growth in its food business and cost-cutting overcame persistent weakness in its clothing unit.
Underlying pre-tax profit fell 10.3% to £613.8mil (US$795.9mil) in the 52 weeks through April 1, the company said in a statement. Analysts expected £596mil.
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