By remaining focused on our strategy and helping customers to save money, Tesco has weathered the economic storm well.
|52 weeks ended 25 February 2012 (unaudited)||2011/12||Change vs. 2010/11|
|Group sales (inc. VAT)*||£72,035m||7.4%|
|Group revenue (exc. VAT)**||£64,539m||6.8%|
|Group trading profit||£3,761m||1.3%|
|Group trading profit (pre Bank PPI*** provision increase and Hungary sales tax)||£3,856m||5.2%|
|Underlying profit before tax||£3,915m||1.6%|
|Underlying profit before tax (pre Bank PPI provision increase and Hungary sales tax)||£4,010m||5.4%|
|Group profit before tax||£3,835m||5.3%|
|Underlying diluted earnings per share||37.41p||2.1%****|
|Diluted earnings per share||36.64p||7.0%|
|Dividend per share||14.76p||2.1%|
- * Group sales (inc. VAT) exclude the accounting impact of IFRIC 13.
- ** Group revenue (exc. VAT) includes the accounting impact of IFRIC 13.
- *** Payment Protection Insurance (PPI).
- **** Underlying diluted EPS growth calculated on a constant tax rate basis; 3.2% at actual tax rates.