LONDON, Sept 9 (Reuters) - British supermarket group
Morrisons, at the centre of a bid battle between two
U.S. private equity firms, on Thursday reported a 37.1% fall in
first-half profit, hurt by COVID-19 costs and lost profit in
cafés, fuel and food-to-go.
The group, which trails market leader Tesco,
Sainsbury's and Asda in annual revenue, said it made a
profit before tax and exceptional items of 105 million pounds
($144.5 million) in the six months to Aug. 1, versus 167 million
pounds in the same period last year.
($1 = 0.7267 pounds)
(Reporting by James Davey; Editing by Kate Holton)