Trademagazin > News and articles > Company and Personal News > Tesco’s results were affected by the coronavirus pandemic
Tesco’s results were affected by the coronavirus pandemic
The pre-tax profit of Tesco, the largest UK retail network, declined in the financial year ending February 2020-2021, mainly due to outages and additional costs caused by the coronavirus pandemic. In its report on Wednesday, the company said that its Central European division was also affected by the pandemic.
According to a 132-page preliminary report published on the London Stock Exchange, group-level sales rose by 7 percent from 49.9 billion pounds in 2019-2020 to 53.4 billion pounds (22,300 billion HUF), but pre-tax profit at group level rose by 19.7 percent. It fell to 825 million pounds. (MTI)
Related news
Black Friday deals at the largest domestic chains: Lidl, Tesco, Spar and many others
Black Friday fever will not leave customers and retail chains…
Read more >The customer is the important to everyone, everywhere, at all times – We were learning together (Business Days 2024 Part 1)
Wednesday morning of the Business Days conference, the topic was…
Read more >We can help those in need with as little as 250 forints – again a coupon donation drive in Tesco stores
For the 15th time, Tesco has joined the Ecumenical Aid…
Read more >
More related news >
Related news
A new chapter has opened in the history of Pizza Hut: The restaurant chain can be renewed based on the Hungarian model
On September 12, the ribbon was cut on Pizza Hut’s…
Read more >150 million bottles, jars and aluminum cans have already been returned in Lidl stores
Lidl Hungary has reached a milestone in its new return…
Read more >Style rethought – Hungaria sparkling wine has been renewed!
Hungaria, one of Hungary’s most popular bottle-fermented sparkling wine brands,…
Read more >