April 10, 2019 / 6:12 AM / 12 days ago

Tesco recovery on track as full-year profit rises 34 pct

LONDON, April 10 (Reuters) - Tesco reported a better-than-expected 34 percent rise in full-year operating profit to 2.2 billion pounds ($2.87 billion), cementing the recovery of Britain’s biggest supermarket by CEO Dave Lewis.

“After four years we have met or are about to meet the vast majority of our turnaround goals,” he said on Wednesday. “I’m very confident that we will complete the journey in 2019/20.”

$1 = 0.7654 pounds Reporting by Paul Sandle; editing by Kate Holton

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