Tesco profits fall 20% despite rising sales

It comes as the group said the pandemic had ‘far-reaching’ impacts on its operations, as it incurred Covid-related costs of £892m

Tesco has reported that pre-tax profits plunged 19.7% to £825m in its latest full-year results, despite UK like-for-like sales increasing by 7.7% to £39.4bn in the period.

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