EARNINGS AT ARGYLL INCREASE 4.1%

LONDON (FNS) -- Argyll plc, owner of Safeway, reported a 4.1% increase in after-tax profit to $230.38 million (149.6 million pounds) on a 1.1% rise in sales to $5.24 billion (3.4 billion pounds) for the half-year ended Oct. 14.ce) from 19.7 cents (12.8 pence). Currency conversions were made at the rate of $1.54 per pound.The growth came entirely in Safeway, the U.K.'s third-largest food retailer.

LONDON (FNS) -- Argyll plc, owner of Safeway, reported a 4.1% increase in after-tax profit to $230.38 million (149.6 million pounds) on a 1.1% rise in sales to $5.24 billion (3.4 billion pounds) for the half-year ended Oct. 14.

ce) from 19.7 cents (12.8 pence). Currency conversions were made at the rate of $1.54 per pound.

The growth came entirely in Safeway, the U.K.'s third-largest food retailer. The chain reported a 9% increase in operating profit to $312.62 million (203

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