LONDON (Reuters) - Asda, the British supermarket arm of Walmart that has agreed to be acquired by Sainsbury's, reported a 0.4 percent rise in underlying sales, and said it was more profitable due to improvements in non-food margins.
Asda, the UK's third largest grocer after Sainsbury's and market leader Tesco, said on Thursday like-for-like sales, excluding fuel, rose 0.4 percent, in its fiscal second quarter, on a gross profit rate that increased compared to last year.
In the previous quarter, underlying sales had risen 1.0 percent, adjusted for Easter.
(Reporting by Sarah Young; editing by Kate Holton)
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