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Sainsbury H1 Pretax Profit Up 5.4%

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Sainsbury Posts Drop In Underlying Profit

J Sainsbury PLC (OTC: JSAIY) reported a 5.4% increase in its first half pre-tax profit.

Sainsbury's profit before tax excluding one-time items surged to GBP373 million. Its total sales rose 4% to GBP13.37 billion.

Sainsbury's net profit climbed to GBP320 million from GBP302 million.

It also lifted its interim dividend by 6.7% to 4.8 pence a share.

Sainsbury shares closed at $21.94 yesterday.

Posted-In: profitEarnings News


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