The British retail giant recorded a net profit drop of 95% compared to the previous year, to 124 million pounds – losses in the US weighed heavily.
Tesco's 2012-2013 financial year, which closed on 23 February with a net profit of £124 million, in vertical collapse, -95%, compared to the 2.806 million recorded in the previous year.
The margins of the British large-scale retail giant are crippled by the losses of the subsidiary Fresh & Easy on the US market, which Tesco has announced its intention to abandon.
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