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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.39 | 2.96% | 13.58 | 13.42 | 13.64 | 13.59 | 13.48 | 13.52 | 298,238 | 21:01:31 |
From Nov 2019 to Nov 2024
By Matteo Castia
Tesco PLC reported Wednesday a higher pretax profit for the first half of fiscal 2021 on rising revenue, and said that it has appointed Tate & Lyle PLC's Imran Nawaz as its new chief financial officer.
The U.K.'s largest grocer by market share made a pretax profit of 551 million pounds ($709.4 million) for the six months ended Aug. 29, compared with GBP428 million in the year-earlier period.
The company said it has faced GBP553 million of coronavirus-related costs.
Revenue rose to GBP28.72 billion from GBP28.51 billion the prior year.
The board declared an interim dividend of 3.20 pence, up from the 2.65 pence a year earlier. In April, Tesco said it would use part of the proceedings of its Asian business disposal to pay a special dividend. The company reiterated Wednesday that it intends to return around GBP5.00 billion to shareholders by way of a special dividend.
The company said Mr. Nawaz will join in April 2021. He was CFO at food-and-drink ingredients supplier Tate & Lyle.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
October 07, 2020 02:37 ET (06:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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