ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TSCDY Tesco PLC (PK)

11.46
-0.08 (-0.69%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tesco PLC (PK) USOTC:TSCDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.08 -0.69% 11.46 11.39 11.54 11.52 11.43 11.50 55,156 20:01:19

Tesco Swings to Loss on Korea Costs

07/10/2015 8:20am

Dow Jones News


Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Tesco (PK) Charts.

LONDON—Tesco PLC said Wednesday that it fell to an interim net loss as Britain's largest retailer incurred costs related to the sale of its Korean business but said it is regaining its competitive position in its home market.

The net loss for the 26 weeks ended Aug. 29 was £ 365 million ($556.39 million), compared with the £ 6 million profit a year earlier.

Revenue, excluding value added taxes and fuel, fell to £ 23.9 billion from £ 24.3 billion.

But Tesco said its operating profit—which strips out large one-time charges—was £ 354 million compared with £ 216 million.

The company said it isn't paying an interim dividend and said its full year expectations are unchanged.

"In the U.K., we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment," said Chief Executive Dave Lewis.

"Our transformation program in Europe has accelerated growth and reduced operating expenses, and in Asia, we have gained market share in challenging economic conditions," he added.

Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com and Rory Gallivan at rory.gallivan@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 07, 2015 03:05 ET (07:05 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

1 Year Tesco (PK) Chart

1 Year Tesco (PK) Chart

1 Month Tesco (PK) Chart

1 Month Tesco (PK) Chart

Your Recent History

Delayed Upgrade Clock