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Sainsbury’s profit up 48%
Sainsbury’s has released its interim results for the 28 weeks to 3 October 2009.
David Tyler, chairman, said: “We’ve delivered a strong performance during the first half of the year. Sainsbury’s is responding well to the current economic environment and it has significant opportunity for continued long-term growth. Underlying profit before tax for the first half was up 18.5% to £307m. Our interim dividend is 4.0 pence per share in line with our policy to pay this at 30% of the previous full year dividend.”
Financial summary
- Total sales (including VAT) up 3.7% to £11,158m (2008/09: £10,756m).
- Total sales growth excluding fuel (including VAT) up 7.9%.
- Like-for-like sales growth excluding fuel (including VAT) of 5.7%.
- Underlying profit before tax up 18.5% at £307m (2008/09: £259m).
- Underlying basic earnings per share up 18.6% to 12.1 pence (2008/09: 10.2 pence).
- Profit before tax of £342m (2008/09: £258m), up 32.6%.
- Basic earnings per share of 14.0 pence (2008/09: 9.8 pence), up 42.9%.
- Interim dividend of 4.0 pence, up 11.1% (2008/09: 3.6 pence).
Source: J Sainsbury plc
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