H&M Q3 pretax profit just tops forecast

STOCKHOLM: Sept 28 - Fashion group H&M reported on Thursday a marginally smaller fall than expected in quarterly pretax profit and said sales had slowed somewhat toward the end of September.

Pretax profit in June through August, H&M's fiscal third quarter, shrank 20 percent from a year earlier to 5.02 billion Swedish crowns ($614 million) against a mean forecast in a Reuters poll of analysts for a 21 percent drop. ($1 = 8.1689 Swedish crowns)