UK-based online grocery retailer Ocado has this week reported that gross sales climbed 29.5 per cent through the 12-week period to August, hitting £126.5m (€152.3m).
The group, which sells the products of high-end retailer Waitrose, said that most analysts were expecting it to make a profit in 2011.
Ocado began listing its shares in July this year, but slashed the asking price on an apparent lack of interest.
However, Ocado chief executive Tim Steiner told the BBC that the listing had raised the money needed for the group to expand further.
'In this period, Ocado entered the next phase of its development, becoming a public company, and we welcome new shareholders,' he explained. 'Given increased customer demand and our need to increase capacity, it was an appropriate time for the company to raise capital for growth.'
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