Limited’s profit more than doubles
From Times Staff and Wire Reports
Limited Brands Inc., owner of Victoria’s Secret, said second-quarter profit more than doubled because of a gain from selling its Express clothing chain.
Net income for the quarter ended Aug. 4 rose to $264.4 million, or 67 cents a share, compared with $113.1 million, or 28 cents, a year earlier, Limited said. Excluding one-time items, earnings were 20 cents a share, meeting analysts’ estimates.
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