Tesco profits drop by more than a quarter but sales growth continues

Tesco profits drop by more than a quarter but sales growth continues
 

0 Have your say Supermarket giant Tesco has revealed half-year profits dropped by more than a quarter, but notched up a third quarter in a row of sales growth as its turnaround gathers pace.
The group posted a 28.3 per cent fall in bottom-line pre-tax profits to £71m for the six months to August 26 after being hit amid the sector’s fierce price war.
Its fightback against the discounters helped UK like-for-like sales surge by 0.9 per cent in the second quarter.
Chief executive Dave Lewis outlined plans to slash costs by £1.5bn to help get profits back on track.
Mr Lewis said the cost-cutting... read more

 
5 October 2016 in Yorkshire & Humber, Views: 19
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
                1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31