That compared with profit after taxation of 117.1 million pounds a year earlier.
These adjusted results are said to be consistent with how M&S's business performance is measured internally as it undergoes its transformation plan and results for FY18 include 321.1 million pounds stemming from its United Kingdom store estate closure programme.
However, M&S improved its gross margin in the clothing and home division for the year by 50 basis points.
Total UK sales grew 1.8 percent to 9,611.0 million pounds as UK costs were up 1.8 percent during the year due to costs of new space, inflation and channel shift offset by efficiencies and lower incentive costs. "Accelerated change is the only option".
And its full-year results released today were sobering enough for the company to say in a statement it was "facing facts" and "accelerat [ing] change".
Food revenue grew 3.9% in the year - though like-for-like sales slipped 0.3% - while Clothing & Home revenue fell 1.4% and was down 1.9% on a like-for-like basis.
M&S said it put around 8% less stock into sale across the year, as a result of its planned removal of two clearance sales.
"These changes come with short-term costs which are reflected in today's results".
It is taking an axe to its store estate in the face of continued migration of clothing and home online, the development of global competition, the growth of home delivery in food and the march of the discounters.
A number of household names, including BHS, Maplin, Toys R Us and House Fraser have either gone into administration or been forced to close stores in a bid to boost profits and battle the rise of online shopping.
The retailer said that this is the first phase in the campaign that will see further prices lowered in the coming months.
M&S is also improving its website and investing in its e-commerce capacity, including a site at Castle Donington, with the aim of doubling its online share of clothing and home sales to more than 33%. M&S has managed to reduce costs by at least 350 million pounds and created a platform for growth.
M&S wants to move a third of its sales online and plans to have fewer, larger clothing and homeware stores in better locations.