TSCDY Tesco PLC (PK)

By Saabira Chaudhuri 

LONDON-- Tesco PLC reported a massive full-year loss amid a raft of charges, capping the most tumultuous year in the grocer's 96 year history.

For the year to Feb 28, Tesco's pretax loss was GBP6.38 billion, versus a profit of GBP2.26 billion a year ago. The company logged charges of GBP7 billion, including GBP4.7 billion tied to the impairment of fixed assets.

Last year was perhaps the most turbulent in Tesco's history, as the company lost its chief executive and financial chief, and discovered an accounting overstatement, spurring a criminal investigation and the suspension of a slew of employees. Shares touched their lowest level in over a decade and legendary investor Warren Buffett called his investment in Tesco a "huge mistake."

Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com

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