Sainsbury's profits on the increase
Updated on 11 November 2009
Supermarket Sainsbury's has reiterated caution over second half sales growth as it reported an 18.5% rise in profits for the first six months of the year.
The UK's third biggest grocery chain posted underlying profits of £307 million after sales rose 5.7% on a like-for-like basis in the 28 weeks to October 3.
Having previously warned that easing food inflation would slow sales growth, the group confirmed market growth was expected to fall back in a challenging environment.
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