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Business

Discount supermarket Lidl GB made 13.6 million sterling loss in 2019-20

Published by linker 5

Posted on January 28, 2021

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LONDON (Reuters) – The British arm of German discount supermarket Lidl on Thursday reported an after tax loss of 13.6 million pounds ($18.6 million) for its 2019-20 year, which it said reflected investment in the business.

Lidl GB said revenue totalled 6.9 billion pounds and it invested 654 million pounds, including in 51 new stores and a new distribution centre in Scotland.

The accounts are the first to be published following the reorganisation of Lidl’s UK registered entities.

(Reporting by James Davey; editing by Costas Pitas)