• Text size      
  • Send this article to a friend
  • Print this article

Online grocer on target for profit

ONLINE grocer Ocado is on course for the first annual profit in its 12 year history after results showed a big swing in its half-year performance.

The company, which recently entered into a joint venture with Morrisons to run the supermarket's online operation, made a profit of £7.5 million in the six months to May 18, against a £3.8 million loss a year ago. It also now has a third distribution depot.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

244576