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Suit specialist Moss Bros' first-half profit slips

Mon, 22nd Sep 2014 06:16

Sept 22 (Reuters) - British suit specialist Moss Bros GroupPlc reported a marginal drop in first-half pretaxprofit, hurt by increased investment in marketing andacceleration in its store refurbishment programme.

The company, which sells and hires out formal clothing inthe UK through its Moss Bros, Moss, Moss Bros Hire and SavoyTaylors Guild brands, made a pretax profit of 1.95 millionpounds ($3.19 million) from 2.23 million pounds a year earlier.

Total revenue rose about 5 percent to 55.8 million pounds.(1 US dollar = 0.6120 British pound) (Reporting by Aastha Agnihotri in Bangalore; Editing by SunilNair)

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