Pursuits
Tesco Profit Gains as Asian Growth Offsets Slack U.K. Sales
This article is for subscribers only.
Tesco Plc, the biggest U.K. retailer, said first-half profit climbed 3.7 percent as gains in Asia and a narrower loss in the U.S. helped offset the company’s worst U.K. sales performance in at least six years.
Trading profit, a measure which excludes property gains, rose to 1.77 billion pounds ($2.7 billion) in the six months ended Aug. 27, the Cheshunt, England-based company said today.