Ocado Group revenue increased by 8.6% to £1,370.7m
Ocado Group revenue increased by 8.6% to £1,370.7m
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Ocado Group revenue increased by 8.6% to £1,370.7m
Grocery technology and retail firm Ocado Group Plc (OCDO.L) Tuesday reported first-half loss before tax of 289.5 million pounds, wider than last year's loss of 211.
Ocado Group reported widening pre-tax losses of £289.5 million for the six months to May 28, against losses of £211.3 million a year ago.
Ocado shares have jumped to the top of the FTSE 100 after the online grocer and tech firm returned to an underlying profit in the last six months, despite widening statutory losses.
There were two broad reactions to look at Ocado Group's (LSE:OCDO) interim results, with the overriding one for investors sending the shares to a five-month...