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Aldi posts record sales but profits fall amid price gap

Aldi UK and Ireland reported a 17 percent drop in 2016 operating profit (to £211.3m) on Monday, a third year in row of decline amid intense competition among larger rivals in the supermarket sector.

The sales of a German-based company rose 13.5 percent to £8.74bn.

While the majority of Britain's consumers still shop at the big four players - Tesco, Asda, Sainsbury's and Morrisons - Aldi and its low cost fellow Lidl have had a huge impact on the sector. Its prices remain the lowest in the UK.

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