UK retailer AO World posts higher annual profit, proposes $27 million shareholder returns
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UK retailer AO World posts higher annual profit, proposes $27 million shareholder returns June 17 (Reuters) - British electronics retailer AO World AO.L reported a 16% rise in annual adjusted pretax profit on Wednesday and proposed £20 million ($26.84 million) of shareholder returns, as its expanded product ranges and discounts boosted sales.
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(Reporting by Simone Lobo in Bengaluru; Editing by Subhranshu Sahu)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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