Companies
Tesco profits rise as Irish sales and market share increases
The supermarket is continuing to take market share in the UK and Ireland
Tesco’s profits increased 12.8 per cent in the 12 months to the end of February, thanks in part to a rise in Irish sales and market share.
On Wednesday, the supermarket giant reported total adjusted operating profit of £2.8 billion (€3.3 billion) for its financial year and retail adjusted operating profit of £2.76 billion, up 11 per cent.
Tesco achieved revenue of £68.2 billion, an increase of 4.4 per cent. Net debt fell from £10.5 ...