Sainsbury's profits up 28pc to £488m

SAINSBURY'S today announced annual profits of £488 million.The figure for underlying pre-tax profits is a rise of more than 28 per cent compared with the previous year.

SAINSBURY'S today announced annual profits of £488 million.

The figure for underlying pre-tax profits is a rise of more than 28 per cent compared with the previous year. Sales for the year to March 22 were 5.8pc ahead at £19.3 billion.

Around 117,000 staff will also share a £47 million payout this year - an average of £401 each - as part of the success.