Capacity problems hit profits at Ocado

Online grocer Ocado said its full year profits would be up on last year but had been hampered by distribution issues.

Online grocer Ocado said its full year profits would be up on last year but had been hampered by distribution issues.

The company, which sells Waitrose goods, said earnings were expected to be in the range of £27.5m to £28.5m in the year to 27 November, compared to £22m in 2010.

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