Monday, April 16, 2007

Tesco year profit up 13 pct, to return 3 bln stg

(Reuters) - The supermarket group, which had previously said it would return 1.5 billion pounds to shareholders, said on Tuesday it made underlying profit before tax of 2.55 billion pounds in the year ended Feb. 24.

Like-for-like sales in its core UK market, excluding fuel, rose 5.8 percent in the final quarter of the year, up from a 5.6 percent rise in the third quarter.


Read more at Reuters.com Market News

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