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15/04/2008
Tesco Profits Soar By 11.8%
Supermarket giant Tesco has reported an 11.8% rise to £2.8bn in annual profits for the year ending 23 February.
Despite a slump in the retail market, Tesco reported strong growth in its international and online business, contributing to trading profits of £2.75bn.
The company also the group has announced plans for 30,000 new jobs worldwide, with approximately 30% planned for the UK.
Tesco Chief Executive Terry Leahy said: "We begin the new financial year confidently with a good start in the UK, excellent progress in our established international markets and promising early performance from our investments in future growth, particularly in the United States, China and Turkey."
(CD/JM)
Despite a slump in the retail market, Tesco reported strong growth in its international and online business, contributing to trading profits of £2.75bn.
The company also the group has announced plans for 30,000 new jobs worldwide, with approximately 30% planned for the UK.
Tesco Chief Executive Terry Leahy said: "We begin the new financial year confidently with a good start in the UK, excellent progress in our established international markets and promising early performance from our investments in future growth, particularly in the United States, China and Turkey."
(CD/JM)
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Parents warned over children's internet use
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