Supermarkets
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
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/02/32169301186_7f39c772eb_o-e1518794025317-780x470.jpg?lossy=1&strip=1&webp=1)
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.
You'll need to
subscribe to unlock this content. Already subscribed? Login?