Tesco increased semi-annual profit by 24%


The operating profit of Tesco, the largest retailer in the UK, without taking into account one-time balance sheet items, rose 24.4% year-on-year to £933 million in the first fiscal half ended August 25, finversia.ru reports citing company reporting. Significant growth in profits was due to the acquisition of the wholesale operator Booker, as well as the high performance of the company's main business during the summer period. In the second quarter, Tesco recorded a growth in comparable sales in the UK market by 2.5% after rising 2.1% a quarter earlier. The growth in comparable sales at Booker was 15.1%.

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