Big profits for Sainsbury's

First published in Rural Focus by

SAINSBURY’S has posted pre-tax profits of £898 million for the year to March 15, up 16.3 per cent on last year.

Like-for-like sales, however, were up just 0.2 per cent.Outgoing chief executive Justin King said: “While the general economic outlook is showing some signs of improvement, conditions in the food retail sector are likely to remain challenging for the foreseeable future as customers continue to spend cautiously.

“We remain committed to investing for the future and continue to see significant opportunities for growth.”

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree