H1 sales were down by 1.0% on a lfl basis, reaching £12,642m, including £281m from Argos. The underlying operating profit before tax came in at £277m, below its 2015 level. Lower finance costs and higher profit from the disposal of properties lifted the net profit to £299m, i.e. 13.2% yoy. Net debt is expected to attain £1.5bn (£2bn including perpetual securities) by the end of the year vs. £1.8bn in H1. Like its UK peers, Sainsbury’s pension de
09 Nov 2016
Waiting for Christmas
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Waiting for Christmas
J Sainsbury plc (SBRY:LON) | 259 -9.8 (-1.4%) | Mkt Cap: 6,153m
- Published:
09 Nov 2016 -
Author:
Ranya GNABA -
Pages:
2
H1 sales were down by 1.0% on a lfl basis, reaching £12,642m, including £281m from Argos. The underlying operating profit before tax came in at £277m, below its 2015 level. Lower finance costs and higher profit from the disposal of properties lifted the net profit to £299m, i.e. 13.2% yoy. Net debt is expected to attain £1.5bn (£2bn including perpetual securities) by the end of the year vs. £1.8bn in H1. Like its UK peers, Sainsbury’s pension de