Tesco closed a profitable year in Hungary

The Tesco-Global Áruházak Zrt. closed its last business year with profit in Hungary: the company's after-tax profit increased to 13.2 billion HUF from last year’s significant losses of 68 billion HUF – according to the latest data.

Net sales in the business year between 1 March 2015 and 29 February 2016 increased by 0.71 percent compared to the previous year and amounted to 614 billion HUF. According to the report, this increase is primarily due to the development of food range, actions and favorable prices, and the development of online trading and small-format stores (MTI)