H&M bounces back to profitability in first half


Swedish fashion giant H&M has returned to profitability in the first half of the year after enduring a bruising 2020 due to the coronavirus crisis.

For the period between December 1, 2020, and May 31, 2021, H&M reported profits after tax of SEK 1,697m, from a SEK 3,063m loss in the corresponding period last year. 

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