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Supermarkets

Morrisons remains ‘confident’ despite 62% fall in profits

The store also saw profit before tax and exceptionals down 50.7% to £201m - as a result of £290m spent in Covid-19 related costs including measures to keep customers safe and employee absences

Morrisons has said it expects to see profits recover this financial year, after it experienced a 62% decrease in pre-tax profits during 2020 due to costs brought on by the pandemic. 

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