• Net profit up 21.3%
  • Operating profit grows 15.8%
  • Net sales climb 9.5%
Sobeys saw its profits grow in the first half

Sobey's saw its profits grow in the first half

Canadian retailer Sobeys has booked an increase in earnings in the first half of its fiscal year.

In the 26 weeks ended 5 November, earnings amounted to C$150m (US$152.2m), a 21.3% increase on the prior year period.

Operating profit climbed 15.8% to reach C$245.2m, parent company Empire reported yesterday (13 December).

Sales in the six month period reached C$8.85bn, an increase of 9.5% on last year.