Morrisons predicts stronger profits amid sales surge

The news follows the supermarkets recent trading update for the 14 weeks to 9 May, which showed that group sales were up 2.7% as a result of fuel sales and easing of lockdown restrictions

Morrison’s has predicted that net debt for the year will be no higher than pre-pandemic levels and that profit before tax will grow to more than the £431m the group achieved last year had the group not waived its right to £230m business rates relief.

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