Woolworths beats hopes for annual profits

Takeover target Woolworths beat hopes for annual profits today but warned that sales and margins were currently being hurt by tough trading conditions.

Woolworths beats hopes for annual profits

Takeover target Woolworths beat hopes for annual profits today but warned that sales and margins were currently being hurt by tough trading conditions.

Woolworths, which is waiting to see whether Apax Partners will make a formal £837m (€1.2bn) takeover offer, said profits rose 4.7% to £73.1m (€105m) in the year to January 29.

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