Health and beauty products boost Boots' first half profits

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UK pharmaceutical giant Boots reported a first-half profit rise of 9.5% as it cut 2,000 jobs and saw...

UK pharmaceutical giant Boots reported a first-half profit rise of 9.5% as it cut 2,000 jobs and saw an increase in sales of more cosmetics and perfumes over less profitable entertainment and household items such as CDs. Net income rose to £164.4m, or 18.6p a share, in the six months ended 30 September from £150.3m, or 17.1p, for same period the year before. 'We've covered the short term by cost savings, we've been able to manage the mix, so it has gradually become more profitable,'' said finance director David Thompson. 'Longer term, we have to grow the top line. You can't cut your way...

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