2 years ago
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ARTICLE AD BOX
Published13 minutes ago
Image source, Reuters
Sainsbury's has seen its profits more than double as the supermarket recovers from coronavirus costs.
The company reported an underlying profit before tax of £730m in the year to March, up from £357m in 2020-21.
The supermarket said its cost savings plan had enabled it to increase food prices at a lower level to competitors.
Sainsbury's bumper profits come as research suggests the average food bill could increase by £271 this year as prices continue to rise.
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