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Tesco profit jumps 36% but fall expected in current year
Abstract：LONDON (Reuters) – Tesco, Britains biggest retailer, reported a 35.8% rise in annual profit but cautioned profit was likely to fall in the current year given the tough external environment.
div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Tesco, Britains biggest retailer, reported a 35.8 rise in annual profit but cautioned profit was likely to fall in the current year given the tough external environment.p
pThe group, which has an over 27 share of Britains grocery market, said on Wednesday it made retail adjusted operating profit of 2.65 billion pounds 3.45 billion in the year to Feb. 26 – in line with guidance of slightly above 2.6 billion pounds and up from 1.96 billion pounds in 202021.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pFor the 202223 year it forecast retail adjusted operating profit of between 2.4 billion pounds and 2.6 billion pounds.p
p1 0.7681 poundsp
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