# UK supermarket Asda says 2023 underlying profit up 24%
Published: 2024-04-22
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Asda's 2023 Profit Soars 24%, Boosts UK Market Presence
Meta Description: Discover how Asda, UK's third-largest supermarket, achieved a 24% profit jump in 2023 with a total sales rise of 7%.
URL: https://internationalreleases.com/uk-supermarket-asda-says-2023-underlying-profit-up-24/

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LONDON (Reuters) – Asda, Britain’s third biggest supermarket group, reported a 24% rise in annual earnings on Monday that reflected a 7% rise in total sales.

Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA after rent, its preferred profit measure, was 1.078 billion pounds ($1.33 billion) on total sales, excluding fuel, of 21.9 billion pounds.

($1 = 0.8076 pounds)

(Reporting by James Davey; Editing by Sachin Ravikumar)


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