Tesco profits soar 11.8%

Retail giant Tesco today rang up annual profits of £2.85bn (€3.55m), despite "challenging" trading conditions and increased competition from rivals.

Tue, 15 Apr, 2008 - 08:17

Retail giant Tesco today rang up annual profits of £2.85bn (€3.55m), despite "challenging" trading conditions and increased competition from rivals.

The supermarket said pre-tax profits were up 11.8% on the year before.

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<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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