The group said its net profit for the full year fell 68 percent
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H&M reported on Friday a big drop in profits in 2022, with an unexpected loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced higher costs.
The group said its net profit for the full year fell 68 percent while it took a hit of 864 million Swedish kronor ($84 million) in the September-to-November period.
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