Get the app today! Download iPhone App Download Android App

Tesco Sees 25.4% Growth In Operating Profit In First Half

Published on Oct 2 2019 1:00 PM in Retail tagged: UK / Ireland / Tesco / Dave Lewis / Paywall / First-Half Results

Tesco Sees 25.4% Growth In Operating Profit In First Half

UK retailer Tesco has posted an operating profit of £1.4 billion (€1.57 billion), up 25.4% year-on-year, in the first half of its financial year.

The company's EBITDA, excluding the impact of Tesco Bank, increased 15.3% to £2.3 billion (€2.58 billion) during the period.

Tesco also reported cost savings of £1.6 billion (€1.79 billion) to date, which is ahead of its fiscal target of £1.5 billion (€1.68 billion).

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email