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Essentially yes, although mine are usually domestic. For example if I am due to visit GLA this week and again next week I will buy a return LHR-GLA_LHR with the return next week. The I will buy a seperate ticket GLA-LHR-GLA for my trip home this week and outward trip next week.
This enables you to stay the Saturday night which gives a cheaper fare than buying a round trip LHR-GLA-LHR this week and another next week.