Tesco returns to profit as recovery takes hold

Tesco has inched back into the black following its battle to turn around from the biggest loss in British corporate history.

The supermarket chain has posted a £162m pre-tax profit for the year ending 27 February, a dramatic swing from the £6.4bn loss it posted in 2015 on the back of heavy property writedowns.

Sourced through Scoop.it from: www.telegraph.co.uk

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