Tesco profits above expectations
The Society of British supermarkets Tesco has today published the annual financial information which recorded a growth of 8, 4% of gross profits up to 955 billion of streline, a value slightly above the expectations of analysts who had forecast growth of 7% intone. Tesco has stepped up its policy of cutting prices to maintain its leadership position in Britain after the competition has increased because of Asda. The group’s sales are in fact increased last year to 20 billion pounds, a record for the company, thanks to the Christmas period that was particularly profitable. Sales figures until February 26 in Britain marks a rise of 7.4% and fell in the first part of international sales. Tesco has also announced that it wants to implement a split of its online activities which had a turnover of 125 million pounds last year, making Tesco one of the largest retailers worldwide. The title marks +2.55% at the London Stock Exchange.
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