UK's Debenhams rises, posts first profit since 2021

By Reuters News

** Shares of online retailer Debenhams Group DEBS.L up 3% at 25.5p

** Co swings to a half-year pre-tax profit of £28.3 mln ($37.89 mln), from a loss of £17.9 mln a year ago

** In FY28, it expects additional material cost reductions

** Expects debt to be negligible at the end of FY27

** As of last close, stock has risen 7.5% YTD

($1 = 0.7470 pounds)

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