H&M's Net Profit in 2021-2022 Falls Threefold to Nearly $350Mln

3 yıl önce

MOSCOW (Sputnik) - The net profit of Swedish clothing retailer Hennes & Mauritz (H&M) dropped to 3.5 billion Swedish kronor ($346 million) for fiscal 2021-2022 from 11 billion Swedish kronor a year earlier following its withdrawal from Russian market, the company said in the yearly and quarterly financial report on Friday.