Profits up for Sainsbury as price war continues

J Sainsbury, the owner of Britain's number three supermarket chain, has seen profits before tax rise to £354m in the first six months of this year, a 6.6% improvement on the same point last year and a touch above analysts expectations of around £350m.

J Sainsbury, the owner of Britain's number three supermarket chain, has seen profits before tax rise to £354m in the first six months of this year, a 6.6% improvement on the same point last year and a touch above analysts expectations of around £350m.

The total sales figure was also strong, at £12,848m for the half year, significantly better than Charles Stanley's prediction of £11,750m

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