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tdp2664 E money daily Tesco PLC (LON:TSCO) has reported a 14 percent rise in its full-year earning results. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full TSCO chart at Wikinvest Tesco PLC (LON:TSCO) Profits Up The grocery retailer Tesco PLC (LON:TSCO) announced its full-year earnings report on Tuesday, with a 14 percent rise in its net profit to reach GBP2.66 million. Even with this increase, the company failed to achieve its growth target in its core U.K. business. The company showed strong performance in Asia where it reported 30 percent growth in trading profit, whereas the company showed only 3.8 percent growth in U.K. Tesco PLC (LON:TSCO) said that it hopes to strengthen its non-food products business in the near future. Philip Clarke, chief executive of Tesco PLC (LON:TSCO), said, "Some of our markets are enjoying a global recovery, but in other markets, particularly the U.K., demand is subdued and the company expects the retail environment to remain challenging in 2011". Tesco PLC (LON:TSCO) stocks stood at 393.55 at the end of the last trading session. Price History Last Price: 393.55 52 Week Range: 280.40- 454.90 Last Vol: 34420200 3 Month Vol: 489412000
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