STOCKHOLM, Sept 30 Swedish fashion retailer
Hennes & Mauritz reported on Friday a pretax profit
fall for the June-August period that was slightly bigger than
expected, and said it expected sales in September to be up 1
percent in local currencies from last year.
Dented by currency translation effects and markdowns, pretax
profit in H&M's fiscal third quarter shrank 10 percent to 6.30
billion crowns ($734.6 million) from a year-earlier 6.94
billion, against a mean forecast of an 8 percent fall to 6.38
billion in a Reuters poll of analysts.
($1 = 8.5766 Swedish crowns)
(Reporting by Anna Ringstrom)