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UK discounter B&M sees earnings soar 83% on pandemic demand

LONDON, June 3 (Reuters) - B&M, the British discount retailer, on Thursday reported an 83% jump in annual core earnings, having thrived during the COVID-19 pandemic.

The FTSE 100 listed 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 626 million pounds ($886 million) in the year to March 27 versus guidance of 590-620 million pounds. ($1 = 0.7066 pounds) (Reporting by Kate Holton; editing by Michael Holden)

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