Tesco boss warns trading profit could fall further in 2015/16

April 22, 2015 7:33 AM

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LONDON, April 22 (Reuters) - Tesco boss Dave Lewis said further investment to turn around the troubled British supermarket could see its 1.4 billion pound ($2 billion) trading profit fall further in the current year after already more than halving in 2014/15.

"To rebuild our profit this year even back to the level of what we achieved last year isn't without its challenges," Lewis told reporters after property writedowns dragged the group to a statutory annual loss of 6.4 billion pounds on Wednesday.

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