Swedish retailer Axfood has booked an increase in first-half profits, boosted by an increase in customer numbers and continued cost control measures.

In the six months to the end of June, profit after tax amounted to SEK403m (US$57.5m), a 1.3% increase on the prior-year period.

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Operating profit climbed 1.8% to reach SEK568m, while operating margin was 3.2%, the company said today (17 July).

Consolidated wholesale and retail sales totalled SEK18bn compared to SEK17.15bn last year, an increase of 5%.

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