Tesco H1 Pre-tax Profit Rises, EPS Down; On Track To Deliver Medium-term Goals

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(RTTNews.com) - Tesco plc (TSCO.L, TSCDY.PK) reported Wednesday that its first-half profit before tax increased 2 percent to 564 million pounds from 553 million pounds last year.

Earnings per share, meanwhile, declined 14.8 percent to 4.37 pence from 5.13 pence a year ago.

Pre-tax profit before items was 806 million pounds, compared to 566 million pounds a year ago. Adjusted earnings per share were 6.36 pence, compared to 5.37 pence last year.

Revenue for the period grew 12 percent to 31.7 billion pounds from 28.3 billion pounds last year. Revenues increased 11.8 percent at constant exchange rates.

Group sales were 28.3 billion, up 12.8 percent on a reported basis and up 12.5 percent at constant rates.

Further, the company announced interim dividend per share of 1.67 pence, up 67 percent from last year's 1 pence.

Looking ahead, Dave Lewis, Chief Executive, said, "We are firmly on track to deliver our medium-term ambitions and are continuing to improve the quality and value of our offer for customers in all of our markets."

Read the original article on RTTNews (http://www.rttnews.com/2940362/tesco-h1-pre-tax-profit-rises-eps-down-on-track-to-deliver-medium-term-goals.aspx)

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This article appears in: Fundamental Analysis , Stocks , World Markets , Insurance , Earnings
Referenced Symbols: TSCDY

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