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High Street

River Island profits plummet 90% despite rise in turnover

While the company started the year well, the challenging market conditions affected margins, whilst underlying costs rose

River Island operating profits dropped by 90% year-on-year to ยฃ7.4m, despite turnover rising 11.6% year-on-year to ยฃ825.8m for the 53 weeks ended 31 December 2022.ย 

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