Sainsbury H1 Net Profit Up 9%

J Sainsbury PLC JSAIY reported a 9% gain in its first-half profit. Sainsbury's net profit for the period surged to GBP340 million, from a year-ago profit of GBP311 million. Its total sales climbed 4.4% to GBP13.95 billion. Sainsbury shares closed at $25.52 yesterday.