Tescos Czech unit reports 10% fall in FY 2011/12 profit.

By bne IntelliNews September 21, 2012
The Czech unit of UK's retail chain Tesco reported a 10% annual fall in its profit to CZK 204mn (EUR 8.2mn) in the fiscal year to February 2012, CTK newswire reported citing the company's annual report. A year earlier the company managed to quadruple its earnings to CZK 227mn. Tesco sales, however, were CZK 3bn higher on the year at CZK 45bn in FY 2011/12. Tesco, which entered the Czech market in 1996, now operates 216 stores, 19 filling stations and seven commercial centres in the country employing 13,288. Last year it opened 24 new stores.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss