‘Robust’ results at Morrisons despite ‘more testing’ trading period
Bradford-headquartered Morrisons has seen pre-tax profits and revenues rise in a "more testing" continually competitive retail market and weak consumer confidence.
The listed Big Four supermarket this morning published its interim results for the six month period ended 4 August 2019. Its pre-tax profit rose 48.5%, from £136m in the same period last year to £202m in the current period.
Total revenue rose just 0.4%, from £8.80bn to £8.83bn, while group like-for-like (LFL) sales excluding-fuel and VAT was up 0.2% (2018/19: 4.9%... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...