Sainsbury CEO King Paid GBP3.35 Million In Fiscal Year 2010

8th Jun 2010 11:03

LONDON (Dow Jones)--J Sainsbury PLC's (SBRY.LN) Chief Executive Justin King was paid GBP3.35 million for the fiscal year ending March 20, according to the U.K. supermarket group's annual report, published Tuesday. The figure, which includes base salary, benefits, share awards and bonuses, rose from GBP2.05 million in the previous year, according to the report. In May, Sainsury's--the U.K.'s third-largest supermarket retailer by sales and market share behind Tesco PLC and U.S.-based Wal-Mart Stores Inc.'s (WMT) Asda Group Ltd.(AGP.YY)--more than doubled its fiscal year net profit to GBP585 million from GBP289 million for the year earlier. -By Simon Zekaria, Dow Jones Newswires; +44 207 842-9410; [email protected] (END) Dow Jones Newswires June 08, 2010 06:03 ET (10:03 GMT)