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    Debenhams reports earnings jump amid turnaround efforts

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    Debenhams has announced a return to profitability with a £20 million EBITDA for the past six months, up from a £3 million loss last year. The retailer's gross merchandise value increased by 1.8%, driven by a 14.1% sales rise in its brand. The company aims to reduce net debt from £102 million to negligible levels following recent asset sales.
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