Supermarket giant Tesco has today revealed first half pre-tax profits of £1.6 billion – up 12.5% on the same period a year ago. The retailer, which is the world’s third largest, said the profits were boosted by strong sales in Asia, with profits rising 30%. Sales at the group’s international stores (open at least a [...]
Some interesting points. Tesco have really cornered the Asian market. There is not another store in South East Asia quite like Tesco Lotus (with the possible exception of Carrefour - not as new, not as fancy).
No matter what I think about Tesco in any other sense (such as taking over the British High St) I can't help but be impressed by its success and innovation in Asia.
Tesco H1 profit up 12.5%
