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Matalan sales and profit rise despite ‘tough retail climate’

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Value fashion and home retailer Matalan saw sales and profit increase last year despite what its boss called a “tough” time for retailers. Revenue was up 3.8% to 1.1 billion for the 52 weeks to February 23. Underlying earnings were flat at 102.4 million, while pre-tax profits were up 50% at 30.1 million.

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