Sainsbury Profits Slump

Daily PostMay 19, 2005

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Summary


SUPERMARKET chain Sainsbury's said yesterday it was seeing early signs of improvement despite unveiling a 62% slump in annual profits to pounds 254m.

The group, which is in the middle of a major turnaround programme, said same-store sales fell by 0.4% in the year to March 26 but this included a 1.7% lift during the final quarter.

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Extract


Sainsbury Profits Slump

Chairman Philip Hampton said: 'While it is pleasing ...

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