Wm Morrison Posts Drop In H1 Net Profit

Wm Morrison Supermarkets PLC

reported a decline in its first-half net profit. Wm Morrison's same-store sales dropped 0.9%. Its pretax profit for the period fell to GBP440 million, from GBP449 million, in the year-ago period. Wm Morrison's net profit dropped to GBP324 million, from GBP333 million. It lifted its interim dividend by 10% to 3.49 pence, from 3.17 pence. Wm Morrison shares gained 1.04% to close at $22.38 yesterday.