Tesco Ireland posts €120m operating profit in first ever publishing of statutory accounts 

The retail giant's Irish arm posted an after-tax profit of €85.53m, down from €104m in the previous year

Currently, Tesco sits in joint first position in market share, comprising almost 23% of the Irish grocery sector.

Tesco's Irish arm posted an operating profit of €120.35m in 2023 on the back of several price hikes amid sustained high inflation.

Publishing its statutory accounts for the first time for its Irish operations, Tesco Ireland saw after-tax profit fall to €85.53m in 2023, down from €104.95m in the previous year.