Cost focus helps Woolworths return to profit

Woolworths returned its high-street business to the black today before warning it faced more challenging trading conditions ahead.

Cost focus helps Woolworths return to profit
Wed, 02 Apr, 2008 - 08:44

Woolworths returned its high-street business to the black today before warning it faced more challenging trading conditions ahead.

The under-pressure retail arm posted an adjusted profit of £3.4m (€4.3m) for the year to February 2, reversing a £12.9m (€16.4m) loss for the year before.

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