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Chile's Falabella reports 51.7% decrease in Q2 net profit

SANTIAGO, Aug 30 (Reuters) - Chilean retailer Falabella on Tuesday reported a 51.7% year-on-year drop in its second quarter net profit.

The company's profit for the quarter was 65.12 billion pesos ($70.86 million).

(1 dollar = 919.97 Chilean pesos by end June) (Reporting by Fabian Cambero and Carolina Pulice, Edited by Isabel Woodford)