M&S makes £632 million profit
Tuesday 25th May 2010, 6:59AM BST.
High street retailer Marks & Spencer confirmed a return to annual profits growth today after reporting a 4.6 per cent hike to £632.5 million.
An impressive fourth quarter of sales growth helped the group notch up the underlying pre-tax profits haul, which marked a turnaround on the 40 per cent plunge the previous year.
In presenting his last set of annual results, M&S chairman Sir Stuart Rose said the “worst effects of the recession” were now over, but warned over consumer jitters ahead of the emergency Budget on June 22.
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