Tesco gave excessively high income forecast – AD.nl

Tesco gave excessively high income forecast – AD.nl

Edited by: editorial
22-9-14 – 08:55 Source: Reuters © AFP.

Supermarket chain Tesco has too high a profit outlook for the first half of the current financial year end of August. Britain’s biggest supermarket chain made the exaggeration, worth 250 million pounds (over 317 million), publicized today.

In the trade report that Tesco released on August 29, was given a

forecast for an operating profit of 1.1 billion pounds in the six months to 23 August

Tesco, which has been struggling with various other problems this year and therefore are the chief avenue uitstuurde, has started an investigation to figure out how the mistake arose. “We have a serious problem and have found them in proportion responded,” said the new CEO Dave Lewis. “We will intervene again if the outcome of the research is clear.”, He added.

The half-year figures from Tesco will be announced on October 23.