In the first half of the year, the British supermarket Tesco saw a sharp fall in profits. Because of the crisis and the measures the company had to take to prevent the spread of the virus, the cost increased considerably.
Losses were also incurred in Tesco Bank, which provides loans to retail customers. Tesco’s operating profit in the measurement period amounted to just over £ 1 billion, more than € 1.1 billion. That was over £ 1.2 billion a year earlier. Sales increased by 6% to 26.7 billion pounds.
It was the first grade presentation by top man Ken Murphy, who has been at the helm for a month. Tesco announced on Wednesday that from April 2021 Imran Nawaz was the new financial manager of Tesco.