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Birmingham Post
Birmingham Post
Business
Jon Robinson

B&M eyes 'Golden Quarter' sales success despite £40m drop in profits

Profits at discount retail giant B&M fell by £40m during its latest financial period despite a rise in sales, new figures have confirmed.

The Liverpool-headquartered company has ported statutory pre-tax profits of £201m for the six months to September 24, 2022, down from the £241m it achieved during the same period in 2021.

The fall was despite the group's total revenue increasing from £2.268bn to £2.309bn.

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