SWEDEN: H&M Q4 Profit Seen At $189 Million

Swedish forecasting service SME Direkt on Friday said it expects leading clothes retailer Hennes & Mauritz to record a pre-tax profit of 216.4 million euros ($189.9m) for the fourth quarter of 2001. It added that it anticipates the company's sales for that period will be 1.3 billion euros ($1.1bn).