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Ocado in the black

This article was originally published in Foodnews

OCADO, the UK online grocer, is back in the black after operating profits hit GBP2.4 million (USD3.8 million) in the first half of 2011, compared with a loss of GBP2.7 million the year-ago period. Ocado's chief executive, Tim Steiner, said that strong customer demand had been limited by its operational capacity but said the group is focused on increasing capacity to meet demand. During the first-half, Ocado entered into a supply partnership with French retailer, Carrefour, to trial the 'Reflets de France' range of authentic French produce in the UK.

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