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ARGOS CAUTIOUS DESPITE PROFIT JUMP
High street catalogue shopping giant
Argos warned the retail sector would
enjoy only low rates of growth for the
rest of the decade.
But Argos appeared to bj back on course
after its post-Christmas profits
warning as it published profit figures
exactly in line with City forecasts.
The group madj a pre-tax profit of
£141.4m in 1996, a 14% lift on 1995.
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