LONDON (FNS) -- Argyll Group, owner of Safeway, Lo-Cost and Presto here, said after-tax profits increased 4% to $225.61 million (143.7 million pounds) as sales rose 6.9% to $5.28 billion for the 28 weeks ended Oct. 15. At Safeway, Argyll's largest retail food division, operating profit rose 9.3% to $292.33 million. Sales rose 9.3% to $4.37 billion.
its Lo-Cost discount stores, and the 31 not sold have been closed.
FIRST-HALF RESULTS
28 Weeks Ended 10/15/94 10/16/93
Sales $5.28 billion $4.94 billion
Change +6.9%
Net Income $225.61 million $216.82 million
Change +4%
Inc/Share 20.1 cents 19.3 cents
Note: Currency converted at $1.57 to the pound.
52 Weeks 1994 1993
Sales $1.2 billion $1.1 billion
Change +8%
Net Income $19.9 million $11.7 million
Change +70.1%
Inc/Share $1.08 65 cents
