Morrisons has posted an increase in its pre-tax profit before exceptional items by 5.3% to £198 million in its first half.
Group like-for-like sales excluding fuel edged up 0.2% in the six months to August 4th. However, they fell by 1.9% in the retailers second quarter. Retails contribution to like-for-like sales in the six-month period was down 1.1%.
Meanwhile, total revenue was up 0.4% to £8.83 billion in the half year.
The company has said that its retail sales have been impacted by a competitive and challenging market due to weak consumer confidence and the uncertainty around Brexit.
David Potts, Morrisons chief executive, said: “We stayed focused on our Fix, Rebuild and Grow strategy, and were pleased to maintain the momentum of the turnaround against strong comparatives last year. Sales and profit progress was robust, and we again invested in improving our competitiveness for customers.”
