Clothing & Shoes
H&M profits surge 61% as cost-saving measures bear fruit
In Q3 alone the company posted a profit after tax of SEK 3.3bn (£250m) with a gross profit of SEK 31bn (£2.3bn)
![H&M](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/03/HM-e1522142346527-780x470.jpg?lossy=1&strip=1&webp=1)
H&M has announced that its profit after tax rose 61% to SEK 7bn (£524m) for the nine months ended 31 August 2023.
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