Tesco Expects GBP1.58 Billion Profit in Fiscal Year 2018; Declares Final Dividend
05 Februar 2018 - 8:51AM
Dow Jones News
By Carlo Martuscelli
Tesco PLC (TSCO.LN) said on Monday that it expects operating
profit before exceptional items to come in at 1.58 billion pounds
($2.22 billion) for the year ending Feb. 24, and said it intends to
propose a final dividend of 2 pence per share.
The British supermarket retailer said business in the period
since its Christmas trading update, released on Jan. 11, was in
line with its expectations.
Tesco said it will appoint Charles Wilson as chief executive of
its retail and wholesale operations in its U.K. and Republic of
Ireland division once its merger with Booker Group PLC (BOK.LN) was
complete. This is expected to be on March 5.
The company said until then, Matt Davies will continue in that
position. He will leave the company in April after helping with the
handover.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
February 05, 2018 02:36 ET (07:36 GMT)
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