15 Hrs
Source:
Sky News
Tesco UK profits increase first half
Results from the British Tesco Group for Food and Retail revealed an increase in its profits for the first half of the year, reaching £1.45 billion, an increase of 11.5% compared to the previous year. Additionally, earnings per share rose by 17.4% to 16.7 pence, while adjusted post-tax profits increased to £1.1 billion. Revenue also grew by 3.7% to reach £37.4 billion, with sales mainly climbing to £33.8 billion, reflecting strong performance during this period. The company announced an interim dividend of 5.05 pence per share, an increase of 5.2%, to be paid next November.
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