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H&M’s June-August profit rises more than expected By Reuters

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© Reuters. FILE PHOTO: Shoppers visit H&M store at Times Square in New York City, New York, U.S., May 20, 2021. REUTERS/Eduardo Munoz

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STOCKHOLM (Reuters) – Sweden’s H&M reported on Thursday a bigger pretax profit than expected for the June-August period, its fiscal third quarter.

The pretax profit of the second largest fashion retailer in the world jumped from 2.37 billion to 6.09 Billion a year ago. Refinitiv polled analysts and predicted a profit of 5.05 billion crowns.

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