Marks and Spencer (GB:MKS) has released an update.
Marks and Spencer Group Plc reports a strong financial performance for the fiscal year ending 30 March 2024, with profits before tax and adjusting items jumping to £716.4m from £453.3m the previous year. Sales climbed by 9.4%, driven by a 13.0% increase in Food sales and a 5.3% rise in Clothing & Home sales. The company has also proposed a full year dividend of 3 pence per share, reflecting the improved balance sheet and confidence in the business’s capacity for growth and investment.
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