# UK supermarket Asda says 2023 underlying profit up 24%
Published: 2024-04-22
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Asda Reports 24% Profit Increase in 2023
Meta Description: Discover how Asda, UK's third largest supermarket, saw a 24% boost in annual earnings, reflecting a 7% sales increase in 2023. Find out more!
URL: https://tradingherald.com/uk-supermarket-asda-says-2023-underlying-profit-up-24/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsox2m002hwirg5vexoy7l/images/2024-04-22t062028z1lynxnpek3l05urtroptp4sainsbury-s-walmart-m-a-scaled-1737043358734-compressed.webp)

## UK supermarket Asda says 2023 underlying profit up 24%

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.

![UK supermarket Asda says 2023 underlying profit up 24%](https://prod.superblogcdn.com/site_cuid_cm5qsox2m002hwirg5vexoy7l/images/task-1011zon-300x215-1737043358405-compressed.webp)

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)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---