(Corrects headline and paragraph 1 to show profit outlook range narrowed, not profit outlook cut)
Jan 7 (Reuters) - B&M reported on Thursday sales growth of 22.5% in the third quarter and narrowed the range for its annual profit outlook after the British discount retailer handed back 80 million pounds ($109 million) of property tax relief offered by the UK government.
The company’s low prices and out-of-town stores have struck a chord with consumers during the COVID-19 pandemic, helping the revenue grow. B&M now expects to report an annual adjusted core profit of between 540 million pounds and 570 million pounds. ($1 = 0.7361 pounds) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Sherry Jacob-Phillips and Keith Weir)