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British retailer B&M sees profit double on strong sales during pandemic

LONDON, Nov 12 (Reuters) - B&M, the British discount retailer that entered the FTSE 100 index in September, on Thursday reported a 95% rise in first-half core earnings as its low prices and out-of-town stores chimed with consumers during the COVID-19 pandemic.

The group, which sells everything from homewares and toys to electricals and food, said it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 295.6 million pounds ($389.6 million) in the six months to Sept. 26, up from 151.4 million pounds in the same period last year. (Reporting by James Davey, Editing by Paul Sandle)

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