Ocado impresses with fourth quarter profit.
The group, which was founded in 2000 and has a delivery deal with supermarket Waitrose, made pre-tax profits of pounds 300,000 for its final quarter to November 28 - although it remained in the red for the full year.
Issuing its first set of results since floating on the stock market last July, Ocado said pre-tax losses more than halved to pounds 12.2m - including pounds 3.5m of flotation costs - from pounds 25.5m a year earlier. Annual sales rose by 29% to pounds 551.1m.
The group said it had maintained growth since the year-end, with sales up by 25% so far.
Shares closed 2% higher yesterday as the firm's founders hailed a landmark year.