date:Aug 22, 2014
34-per-cent decline in underlying profit to HK$668 million ($86.2 million) in the six months ended June, below the average estimate of HK$831 million from three analysts compiled by Bloomberg. The underlying figure excludes the effect of asset revaluation and major disposals.
We need time in the short to medium term during the running-in period to turn around the performance of the Tesco stores in China which are currently loss-making and to integrate those stores with our other supermarket bu