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HOME arrow Registration
Tesco lifts its revenues by 11.1 per cent
Written by News Desk   
Wednesday, 16 April 2008
Herts based retailer Tesco plc has hoisted sales 11.1 per cent higher to £51.8 billion and lifted pre-tax profits 5.7 per cent to £2.8 bn in the year to February 23.

The group has also reported a strong start to the new financial year with sales 13 per cent ahead in the first five weeks. Tesco said international sales for the year were up 25.3 per cent. The group plans to open more than 11.5 million sq ft of new space this year – 80 per cent of it outside the UK. It expects to create an additional 30,000 new jobs across the group.

Chief executive Terry Leahy said: “The breadth of the group and the strength of our business model have enabled Tesco to deliver another year of double-digit sales, profit and earnings per share growth in challenging market conditions.”
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