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Wales Online
Wales Online
National
Neil Shaw

Lidl sees profits quadruple in a year

Profits at the British arm of supermarket chain Lidl have more than quadrupled with it having undertaken an ambition expansion of stores and customers over the year, it said.

Pre-tax profits reached £41.1 million in the year to February 28, surging 319% from the £9.8 million posted the same time last year.

It also saw revenues edge up by 1.5%, totalling £7.8 billion in the latest financial year, up from £7.7 billion the previous year.

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