How Tesco turned its profits around

Three years after suffering record £6.4bn loss, UK’s biggest supermarket is defying the high-street gloom

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Tesco today reported soaring profits, just three years after it unveiled the worst results in its history.

In April 2015, the supermarket group - Britain’s biggest retailer - reported a record statutory pre-tax loss of £6.4bn for the year to the end of February. Today, pre-tax profits stand at £1.3bn, up 28% on the previous 12 months, reports the BBC.

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