Aldi in return to operating profit

DISCOUNT supermarket giant, Aldi has reported a return to operating profit of £27.6 million (€31.5 m) after revenues increased to £2.1bn in its Irish and British stores last year.

Accounts for the German-owned Aldi Stores Ltd just posted to the Companies’ Office show that operating profit was £27m after the company recorded an operating loss of £5.9m in 2009.

However, a £58.5m loss on the disposal of assets and interest payments totalling £26m, resulted in the company recording a pre-tax loss of £56.8m in the 12 months to the end of December 2010. This follows the company recording a pre-tax loss of £54.2m in 2009.