Revenue increase is expected from Tesco in the second quarter

Nomura’s analyst expects a 9 percent growth, from the quarterly report of Tesco, thus the recommendation to purchase shares of Tesco has confirmed.

According to the analyst; Tesco's revenues will increase by 9 percent to 27.9 billion pounds,in line with the 10.8 percent increase of the operating profit. The robust international profitability and reduce costs, are good news for the company's papers. In addition, the company is well positioned for economic advantage from the economic recovery – reports portfolio.hu.