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StumbleuponSydney - Australian department store retailer David Jones Ltd raised its full-year profit forecast on Tuesday due to a strong trading performance in May and June, the company said in a statement.
David Jones now expects full-year profit after tax to rise by between 8-12 percent for year to June, up from 0-5 percent forecast previously.
It also reaffirmed up to 5 percent growth in profit after tax for fiscal 2010. ($1=A$1.25) (Reporting by Denny Thomas)
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