New CEO Philip Clarke outlines his plans for Tesco
Tesco has reported full year profits before tax of £3.54bn, up 11.3% from a year ago, buoyed by growth in Asia.
Trading profits in Asia were up 30%, offsetting a disappointing performance in the retailer's core UK market, which accounts for two thirds of its profits.
They are the first results reported under new chief executive Philip Clarke, who took over from Sir Terry Leahy in March.
He told the BBC's Hugh Pym he would try to make Tesco a little more ''open''.
Some of the questions in Hugh Pym's interview with Philip Clarke were provided by BBC Business followers on Facebook and Twitter. You can keep up to date with all our content, and join in the conversation, by becoming a fan there.
19 Apr 2011
- From the section Business