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UPDATE 2-Ocado urges patience as posts another pretax loss

* CEO says firm will make "hundreds of millions of pounds" * FY statutory pretax loss narrows to 600,000 pounds * EBITDA 33.5 mln stg, up 20.4 pct, in line with forecasts * Second major distribution centre to open this month * Shares up 14 pct (Adds detail, CEO, analyst comment, shares) By James Davey

UPDATE 1-Ocado underlying earnings rise, loss at pretax level

LONDON, Feb 7 (Reuters) - British online grocer Ocado met forecasts with a 20 percent rise in underlying earnings, though the firm still made a loss at the pretax level. Ocado, whose range includes products supplied by upmarket grocer Waitrose, also said on Thursday its second distribution centre in Dordon, Warwickshire, central England, was on track to open by the end of February, and remains on budget. The firm reckons the centre will eliminate capacity issues and lead to further efficiency gains.

UPDATE 2-Ocado lands retail veteran Rose as chairman

* Michael Grade to retire as chairman on May 10 * Former Marks & Spencer boss Stuart Rose to take over * Rose says believes in Ocado model * Analysts see crucial year ahead as Ocado expands * Shares rise as much as 8 pct (Adds detail, analyst comment, shares) By James Davey

UPDATE 1-Ocado on track to boost capacity as holiday sales rise

By Helen Massy-Beresford LONDON, Jan 15 (Reuters) - British online grocer Ocado said gross sales rose over 14 percent for the six weeks to Jan. 6 and it was on track to open a new warehouse that will double its capacity. "We are heading in the right direction," Chief Executive Tim Steiner said. The company has invested 190 million pounds ($305.3 million) so far in building a second warehouse.
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