Tesco released its FY sales (excluding VAT, including fuel) which showed a decrease of 4.3% to £56,925m. International operations boosted both sales and the operating margin (slight progress to 1.73%). The 52-week sales for the retail division were driven by solid growth in international operations (2.3% lfl), countered by the continuing negative trend in UK sales, albeit an improvement. The FY 2015/16 net result came back into positive territory, having missed last year. Tesco managed
13 Apr 2016
Net result back in positive territory
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Net result back in positive territory
Tesco PLC (TSCO:LON) | 282 -3.7 (-0.5%) | Mkt Cap: 19,843m
- Published:
13 Apr 2016 -
Author:
Ranya GNABA -
Pages:
2
Tesco released its FY sales (excluding VAT, including fuel) which showed a decrease of 4.3% to £56,925m. International operations boosted both sales and the operating margin (slight progress to 1.73%). The 52-week sales for the retail division were driven by solid growth in international operations (2.3% lfl), countered by the continuing negative trend in UK sales, albeit an improvement. The FY 2015/16 net result came back into positive territory, having missed last year. Tesco managed