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Marks & Spencer: H1 profit up

( - The retail group has announced H1 profit before tax and adjustment items of £360.
2m to 30 September (compared with £205.5m for H1 2022/23).

Statutory pre-tax profit was £325.6m (vs. £208.5m).

M&S recorded a 14.7% increase in food sales. Adjusted operating profit was £164.9m (vs. £71.8m in H1 2022/23), with a margin of 4.3%.

Sales of clothing and home products rose by 5.7%. Adjusted operating profit was £223.4m (H1 2022/23: £171.4m), with a margin of 12.1%.

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