Tesco sales of €786m checks out Dunnes figures

TESCO Ireland sales increase of 8.4% to €786 million for the first six months of the year puts the company neck-and-neck with secretive rivals Dunnes Stores.

Dunnes Stores keep their figures to themselves but it is believed the company had a turnover of 1,350m in the Irish Republic in 2000, according to the German-based European retail analysts M&M Planet Retail.

This indicates that full year results for the two wholly owned multiples in terms of turnover are very similar, but figures for Dunnes Stores in Northern Irelandhave revved up profitsto incredible levelsDunnes had a turnover of stg£206.7m for the year ending January 31, 2001, generating profits of stg£18.3m in Northern Ireland, an 8.85% pre-tax margin.