March 13, 2019 / 7:19 AM / 3 months ago

UK's Morrisons profit up 9 pct, pays another special dividend

LONDON, March 13 (Reuters) - Morrisons, Britain’s No. 4 supermarket group, reported a 9 percent rise in full-year profit on Wednesday, partly driven by growth in wholesale revenue, and said it would pay another special dividend.

The grocer said it made an underlying pretax profit of 406 million pounds ($532.1 million) in the year to Feb. 3. That compares to an average analyst forecast of 407 million pounds and 374 million pounds made in 2017-18.

Morrisons said it would pay a final dividend of 4.75 pence and a further special dividend of 4.0 pence. It added that it was confident it still had many sales and profit growth opportunities ahead. ($1 = 0.7630 pounds) (Reporting by James Davey; Editing by Kirsten Donovan)

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