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H&M third quarter pretax profit just tops forecast

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H&M third quarter pretax profit just tops forecast

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STOCKHOLM (Reuters) – Fashion group H&M <HMb.ST> reported on Thursday a marginally smaller fall than expected in quarterly pretax profit and said sales had slowed somewhat towards the end of September. Pretax profit in June through August, H&M’s fiscal third quarter, shrank 20 percent from a year earlier to 5.02 billion Swedish crowns (538.60 million pounds) against a mean forecast in a Reuters poll of analysts for a 21 percent drop.

(Reporting by Anna Ringstrom; editing by Niklas Pollard)
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