Tesco profits were reduced by investments
Tesco closed the six months at the end of August with a 1.28 billion pounds after-tax profit, which is a decrease in profits, compared to the previous period. Before this, the profits of the British retail chain, increased for 20 years in a row.
A significant portion of the profit was swallowed by investments, as one billion pounds were spent on the market entry of new products and to expand the staff.
Tesco's management continues to consider the bad business environment as the biggest challenge. The company has reached approximately third of all sales and profits out of its domestic market. (Bloomberg, Világgazdaság Online, Index)
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