Ocado saw its pre-tax profits increase to £8.5m, up from £7.2m for the same period a year earlier, according to its half year results for the 24 weeks ending 15 May this year.
Ocado saw its pre-tax profits increase to £8.5m, up from £7.2m for the same period a year earlier, according to its half year results for the 24 weeks ending 15 May this year.
Gross sales rose by 13.9% to £582.9m.
Chief executive officer Tim Steiner said: “I am encouraged by the steady progress in our business, with volumes through our operations, including the throughput for Morrisons, growing by 30%. The market remains competitive with ongoing price deflation but our increasing scale and operational efficiencies meant that we still grew profits, albeit at a slower rate.”
“We have been gaining share in the online grocery market and expect this to continue,” he added.