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Morrisons' profits soar after record sales


Published on Thursday 11 March 2010 07:26

Morrisons today hailed "another good year" as profits climbed 21% and sales hit record levels.

The UK's fourth biggest supermarket chain reported pre-tax profits of 767 million for the 12 months to January 31, from 636 million in the previous year.

Morrisons, which said it expects economic conditions to remain challenging this year, saw like-for-like sales growth slow across the period to 6%, compared with 8.2% the year before.


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