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Asda profits fall 24% to £886m amid attempts to mitigate inflation

Asda said that it dropped the price of more than 100 popular branded and own-branded lines by an average of 12%

Asda has revealed its full-year profits declined 24% to £886m during the 52-week period ending 31 December due to its attempts to mitigate inflationary pressures for customers.

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