Ocado sees slim profit as it seals Carrefour deal
Online grocery delivery company Ocado has announced a deal to sell products supplied by French supermarket giant Carrefour, while reporting a small half-year profit.
Its new Carrefour range will be in addition to its Waitrose lines.
In the six months to 15 May, Ocado made a pre-tax profit of £200,000, compared with a loss of £6.7m a year earlier.
Ocado said its profits were limited by its operational capacity, which it was now continuing to increase.
Ocado’s revenues for the six months were up 20 per to £277m, from £230m for the same period last year.
Shares in the company dropped as much as ten per cent this morning.