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Matalan reports drop in Q1 revenue

British fashion and homeware retailer Matalan has reported an 8 percent drop in revenue in the first quarter, but gave an upbeat outlook on its full-year profit. The company made revenue of 263.6 million pounds in the three months to May 27, down from 286.5 million pounds a year earlier. Its EBITDA post adoption of IFRS 16 narrowed to 26.1...