BBC: Tesco profits more than trebled last year amid rising sales and a fall in Covid-related costs.
The UK's largest supermarket chain reported pre-tax profits of £2.03bn, up from £636m the previous year.
Group sales, excluding fuel, rose by 2.5% to £54.8bn, while in the UK retail sales rose by 2.3% year on year.
However, Tesco warned of "significant uncertainties" and said performance would be affected by the the investment needed to keep prices down.
Chief executive Ken Murphy said: "Clearly, the external environment has become more challenging in recent months.
"Against a tough backdrop for our customers and with household budgets under pressure, we are laser-focused on keeping the cost of the weekly shop in check - working in close partnership with our suppliers, as well as doing everything we can to reduce our own costs." » | Wednesday, April 13, 2022
