Business in Ireland

• About this group
• Forums

• Home
• Groups
• Business in Ireland
• Forums
• News
• Tesco reveals 9.5pc profit in Ireland

• 
  Helena Deane    Group moderator

  The company name is only visible to registered members.

  Tesco reveals 9.5pc profit in Ireland

  Supermarket giant Tesco's profit margins in the Republic are significantly higher than in the rest of the company, according to a confidential draft business plan seen by The Irish Times. The document reveals that Tesco Ireland's profit margin, which has long been a closely-guarded secret, was 9.3 per cent last year and is projected to rise to 9.5 per cent this year.
  
  This compares with a margin of under 6 per cent in its parent company. Last year, the State's biggest supermarket chain was on course to make profits of 248m euro million, the document states. This is equivalent to about 124 euro per customer a year. Profits are projected to rise to 255m euro this year.
  
  - Irish Times
  
  • 11 May 2009, 12:30 pm
  Helena Deane wrote: > Supermarket giant Tesco's profit margins in the Republic are > significantly higher than in the rest of the company, according to a > confidential draft business plan seen by The Irish Times. The > document reveals that Tesco Ireland's profit margin, which has long > been a closely-guarded secret, was 9.3 per cent last year and is > projected to rise to 9.5 per cent this year. > > This compares with a margin of under 6 per cent in its parent > company. Last year, the State's biggest supermarket chain was on > course to make profits of 248m euro million, the document states. > This is equivalent to about 124 euro per customer a year. Profits are > projected to rise to 255m euro this year. > > - Irish Times