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UK's Next profit up 2.7% on strong online growth

Reuters - UK Focus

LONDON, Sept 19 (Reuters) - British clothing chain Next reported a 2.7% rise in first-half profit as robust online sales more than offset a decline at its stores.

The firm, which trades from over 500 stores in the UK and Ireland, about 200 stores in 40 countries overseas and its Directory online business, said on Thursday it was also maintaining its guidance for its full 2019-20 year.

Next made a pretax profit of 319.6 million pounds in the 26 weeks to end-July 27, up from 311.1 million pounds in the same period last year, on group sales up 3.7% to 2.06 billion pounds.

(Reporting by James Davey, Editing by Paul Sandle)