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Lowe's Posts 28 Percent Profit Increase - 2003-08-18


Home improvement retailer Lowe's is reporting a 28 percent increase in its second-quarter profits.

The North Carolina-based company said Monday its net income was $597 million for the quarter ended August 1.

Lowe's is the second-largest home improvement store in the United States, with more than 875 stores in 45 states. Its biggest rival is Home Depot.

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