Tesco said the “vast majority” of its financial turnaround was complete after it reported a double-digit rise in profits and accelerated dividend growth.
Britain’s biggest supermarket said every part of its business, including its troubled international division, contributed as pre-tax profit jumped by 28.8% to £1.67bn.
This was well ahead of the stock market’s expectations and came on revenue that rose 11.2% to nearly £64bn, its third consecutive year of growth. Tesco’s operating profits also jumped 17.1% to £2.1bn in the year to February 24.
