"I personally wear a halving of profits as a badge of honour," chief executive David Potts told reporters after Morrisons reported 2020-21 profit of 201 million pounds ($280 million), down from 408 million pounds in 2019-20.

"The British people have had access to food because the supermarket workers, not just Morrisons, were asked by government to be key workers and required to stay open, unlike actually pretty much the rest of society. Frankly we could have made no profit and it would have been a result," he said.

(Reporting by James Davey; editing by William James)