October 1, 2018 / 6:15 AM / 3 months ago

Aldi UK reports first profit rise in four years

LONDON, Oct 1 (Reuters) - The British business of German discount supermarket Aldi reported its first rise in annual operating profit for four years on Monday as it opened more stores and attracted over 1 million new customers.

For the year to Dec. 31 2017 Aldi UK and Ireland made an operating profit of 265.9 million pounds ($346.4 million), up 26 percent from 211.3 million pounds made in 2016, on sales up 16.4 percent to 10.18 billion pounds.

The firm said it planned to open 130 new stores over the next two years, alongside major investment in new and existing regional distribution centres. It said that investment would create 5,000 jobs.

$1 = 0.7676 pounds Reporting by James Davey, editing by Louise Heavens

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