News

Morrisons like-for-like sales up 0.9%

Shaun Weston9 Sep 2010

UK retailer Morrisons has published its interim results for the half year to 1 August 2010.

Highlights

Turnover up 9.1% to £8.1bn (09/10: £7.5bn)
Like-for-like sales (ex VAT and fuel) up 0.9% (09/10: 7.8%)
Underlying profit before tax up 14% to £410m (09/10: £359m)
Profit before tax £412m (09/10: £449m after exceptional credit of £91m)
Net debt £849m (09/10: £885m) after capital investment of £236m
Gearing of 17% (09/10: 19%)
Interim dividend up 14% to 1.23p (09/10: 1.08p).

Source: Morrisons