Tuesday, 02 January 2024 12:17 GMT

Swedish H&M profit reaches USD408 m in Q1


(MENAFN) Swedish clothing retailer Hennes & Mauritz (H&M) posted USD408 million net profit in the first quarter of its fiscal year compared to USD380 million a year earlier, according to Oman Observer



The company"s sales reached USD4Ù«96 billion, excluding value-added tax (VAT), during the period from December 2013 to February 201



The company reported strong sales in Japan, South Korea and China, Poland, Italy, Greece, Hungary, and Turkey



MENAFN

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