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Wm Morrison H1 Profit Decreases

12th Sep 2013 06:30

BRADFORD (Alliance News) - Morrison (Wm.) Supermarkets plc (MRW.L) reported that its half-year pretax profit decreased to 344 million pounds, from 440 million pounds, a year ago. Profit for the period attributable to the owners of the company was 267 million pounds or 11.44 pence per share, compared to 329 million pounds or 13.18 pence per share, prior year.

Underlying earnings before tax was 401 million pounds, compared to 445 million pounds, while underlying earnings per share decreased to 12.82 pence, from 12.98 pence.

Turnover was 8.938 billion, compared to 8.939 billion, last year. Gross profit decreased year-over-year to 564 million pounds, from 620 million pounds.

The Board of Morrison confirmed its intention to increase the interim dividend by 10% to 3.84 pence per share.

Copyright RTT News/dpa-AFX


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