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Tesco group sales for the first time have now exceeded £20bn.
Member rating: No Rating | Words: | Submitted: Thu Oct 23 2003
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TESCO PLC PRELIMINARY STATEMENT OF RESULTS 52 WEEKS ENDED 26 FEBRUARY 2000 Terry Leahy, Chief Executive, comments: "Tesco group sales for the first time have now exceeded £20bn. This achievement reflects our obsession with doing the right thing for customers. We have seen an outstanding performance in the UK during some of the toughest ever trading conditions, our international business is accelerating, and we are moving into new retail services such as e-commerce. Looking forward we see group growth continuing as our strategy gains further momentum." * GROUP SALES EXCEED £20bn, UP 9.8% * GROUP PROFIT BEFORE TAX UP 10.8% * UNDERLYING GROUP PROFIT BEFORE TAX* UP 8.4% to £955m * ADJUSTED DILUTED EPS* UP 8.6% TO 10.18p * DIVIDEND PER SHARE UP 8.7% TO 4.48p * UK SALES UP 7.4% TO £18,331m INCLUDING LIKE-FOR-LIKE GROWTH OF 4.2% * SALES FROM THE REST OF EUROPE UP 18.8% TO £1.5bn * ASIA SALES UP NEARLY 200% TO £497m * TESCO.COM TO...
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