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Retail

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).

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