Ocado racks up half year loss


Ocado racks up half year loss

Revenues at Ocado rose by 27 per cent in the half year to May 31st, the period which straddled lockdown saw the online grocery business post £1.02 bn revenue as demand for home delivered groceries exploded.

However, it posted a loss of £40.6 million for the half year as it struggled to increase capacity and had to stop accepting new customers from the start of lockdown.

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