Tesco name was suddenly in the spotlight since lately. What happened with Tesco? Apparently, Supermarket giant Tesco has reported half year profit before tax of £ 1.6. It's really incredible.
This figure, for the six months to 28 August, rising 12.5% in the same period the previous year.
The company said UK sales growth was "modest" - citing low food price inflation and the cost of higher fuel means customers spend more at the pump, not in stores.
But chief executive Sir Terry Leahy added that the company experienced "the tailwinds of recovery." Tesco to grow because a lot of things, except he also consistently innovative in serving.
Tesco, the world's third largest retailer, said the Asian market the company is "appears very" of recession, with profits up 30%. This is not surprising news.
In Britain, the economic recovery is slow, Sir Terry said, but added it was handled properly "quiet demand."
For the company as a whole, sales grew by 8.3% to £ 32.9bn.
It is said that when the fluctuations in exchange rates are stripped out, sales increased by 6.4%, or 5.5% without fuel sales. Which means what? In other words, Tesco has increased the well-deserved because of his efforts over the years. Success!
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