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Tesco sees profits treble but warns of soaring inflation costs

Grocer warns of โ€˜significant uncertaintiesโ€™ as profits jump to over ยฃ2bn

Tesco has revealed its pre-tax profits more than doubled to more than ยฃ2bn, up from ยฃ636m last year, for the year ending February 26, but warned of “significant uncertainties” and said performance would be affected by the investment needed to keep prices down.

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