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Debenhams reports 17 percent fall in full-year profit​

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Debenhams reports 17 percent fall in full-year profit​

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LONDON (Reuters) – British department store chain Debenhams <DEB.L> reported a 17 percent fall in profit on Thursday in what it said was a volatile trading environment on the high street. The company reported adjusted pretax profit of 95.2 million pounds, in line with market expectations, on group sales of 2.95 billion pounds, up 2 percent. Chief Executive Sergio Bucher said the business faced tough comparatives over the key Christmas weeks, but it was well prepared for the peak trading period.

(Reporting by Paul Sandle; editing by Kate Holton)
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