Debenhams posts 84.6 percent fall in pre-tax profits

For the six months to March 3, 2018, Debenhams reported 3.1 percent decline in gross transaction value (GTV) for the UK segment to 1,303.3 million pounds (1,850 .7 million dollars), while revenue reduced by 3.7 percent to 1,065.9 million pounds (1,513.4 million dollars). Reported group profit before tax after exceptional items decreased by 84.6 percent to 13.5 million pounds (19 million dollars) and profit after tax but before exceptional items decreased by 52.5 percent to 34 million pounds (48.2 million dollars). Profit after tax after accounting for exceptional items decreased by 84.9 percent.