Sainsburys Sees Pre-Tax Profit Up 2.5%

Supermarket chain Sainsburys has reported like-for-like sales for the half year rise by 1.7%, with pre-tax profit up 2.5% at £405m.

Revenue, excluding VAT and fuel, for the six months to September 29 was up 4% at £12.16bn.

Total sales in the period were up 4% at £13.365bn.

The profit boost for Britain's third largest supermarket chain was helped by the development of its online and convenience stores business, the two fastest growing grocery sub-sectors.

The group, which has enjoyed 31 consecutive quarters of underlying sales growth, has continued to outshine industry leader Tesco.

Last month Tesco posted a 12.4% fall in first half UK trading profit. Asda, the second largest in the market, is due to update on its third quarter on Thursday.

Chief executive Justin King said: "Our share of the grocery market is the highest for almost a decade at 16.7%.

"Whilst the wider economic situation remains challenging, we are well positioned to help our customers live well for less."

More follows...

Anda sedang membaca artikel tentang

Sainsburys Sees Pre-Tax Profit Up 2.5%

Dengan url

http://raskindollar.blogspot.com/2012/11/sainsburys-sees-pre-tax-profit-up-25.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Sainsburys Sees Pre-Tax Profit Up 2.5%

namun jangan lupa untuk meletakkan link

Sainsburys Sees Pre-Tax Profit Up 2.5%

sebagai sumbernya