Home / News / Tesco records ?3bn in profits
Britain's biggest retailer posts ten per cent jump over past year

Tesco records ?3bn in profits

The UK’s leading retailer Tesco has reported record pre-tax profits of £3.13bn for the year ending February 28th 2009 – a ten per cent increase over the same period a year before.

On average the supermarket saw sales in excess of £1bn every single week, with total sales for the year hitting £59.4bn.

If there is any negativity to take from the huge numbers it’s that rival retailers are currently growing faster. Tesco’s like-for-like sales were up three per cent on last year, compared to Morrisons’ 7.9 per cent, the BBC reports.

For the full story, head over to our sister site MCV.

Check Also

PCR’s Top 25 Women in Tech 2019

Each year, our diversity-themed issue features a Top 25 Women in Tech list, with people …