Profit soars for Tesco in Asia

Asia .
Profit soars for Tesco in Asia

Robert Stockdill. Inside Retail Asia. Tesco in Asia has reported a 54.1-per-cent boost in operating profit to £171 million as the company accelerated its cost-saving initiatives in Thailand. Those reforms include distribution efficiency improvements and more focused, effective marketing activity. Tesco in Asia sales during the 26 weeks to August 24 grew 8.4 per cent year on year to £2.556 billion, although on constant exchange rates that growth was pared back to just 1 per cent. Like-for-like store sales fell by 1.3 per cent largely due to reduced sales of general merchandise. Full original article: https://insideretail.asia/2017/10/06/tesco-asia-sales-slump-profit-soars/

 

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