Tesco bosses have declared their pleasure after the group posted an 8.1 per cent increase in sales for 2010-11.
Overall sales totalled £67.6 billion for the financial year, while profits before tax were recorded at £3.8 billion - a 12.3 per cent rise on the previous 12 months.
The results exceeded the targets set by the company and chief executive Philip Clarke hailed the role of Tesco's Asian and European stores in particular.
Both areas accounted for 70 per cent of the overall profit growth and the firm also saw progress in the US, although this was far more subdued than in other regions.
"I am pleased with our strong overall performance in the face of some challenging conditions and we are well positioned, with multiple opportunities to deliver long-term growth and rising returns," Mr Clarke observed.
Earlier this year, the supermarket giant posted positive figures for the Christmas period, as sales increased by 7.6 per cent during the six weeks leading up to January 8th.
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