H&M net profit boosted 22 pct in Q3


(MENAFN) Net profit of the Swedish-based H&M boosted about 22 percent during the period from June to the end of August after the big sale of its collections, especially in Japan and China, according to Arab News. The company's net profit reached USD690 million in the current year's third quarter, 22 percent higher than the last year, and expects to gain more earnings over the following years. Stockholm Stock Exchange reported that its share price boosted more than 6 percent compared to the last year.


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