Tesco reported a loss of CZK 4bn in the Czech Republic in the fiscal year 2013/14. Its revenues dropped by 3.5 percent to CZK 42.4bn. The company said the results were impacted by extraordinary property depreciations totaling CZK 4.3bn. The UK supermarket retailer reported a CZK 1.1bn loss on the Czech market the previous fiscal year. Tesco spokesman Jiří Mareček told ČTK that the sales volumes were up in the first three quarters of the current fiscal year. Tesco will publish those results on April 22.
