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KINGS RESULTS CLIMB IN FIRST HALF

WEST CALDWELL, N.J. (FNS) -- Kings Super Markets here said operating profit rose 33.1% on a 3.5% sales increase in the first half ended Oct. 1.were reported by its parent company, Marks & Spencer, London.Sir Richard Greenbury, chairman of Marks & Spencer, said Kings made "good progress" in the first half. The company had 19 stores at the end of the first six months, the same as during the previous

WEST CALDWELL, N.J. (FNS) -- Kings Super Markets here said operating profit rose 33.1% on a 3.5% sales increase in the first half ended Oct. 1.

were reported by its parent company, Marks & Spencer, London.

Sir Richard Greenbury, chairman of Marks & Spencer, said Kings made "good progress" in the first half. The company had 19 stores at the end of the first six months, the same as during the previous year, a spokeswoman said.

Overall, Marks & Spencer reported an increase in after-tax profit to $389.61 million on a rise in sales to $4.97 billion in the first half. Currency conversions were made at the rate of $1.62 per pound.

The results compare with an after-tax profit of $339.23 million on sales of $4.65 billion in the corresponding period a year earlier. Marks & Spencer said its food sales during the period rose 3.9% to $1.78 billion despite "fierce competition." It said the improvement resulted from continued product innovation, building on the company's reputation for "quality, freshness and convenience."

FIRST-HALF RESULTS

Qtr Ended 10/1/94 9/25/93

Sales $161.1 million $155.7 million

Change +3.5%

Oper. Profit $6.1 million $4.6 million