Tesco Half-Year Profit Increase

The British food and retail group Tesco announced strong financial results for the first half of the year, recording a pre-tax profit of £1.45 billion, an increase of 11.5% compared to the same period last year. Additionally, earnings per share rose by 17.4% to 16.7 pence, with adjusted after-tax profits improving to £1.1 billion. Revenues saw a significant rise of 3.7% to £37.4 billion, while sales increased by 2% to £33.8 billion. The company also announced an interim dividend of 5.05 pence per share, a 5.2% increase, which will be paid in November.

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