	tesco forecasts profits rise this year tesco plc tsco l said in a statement it expects pre tax profits of mln stg for the year ending february before nine mln stg of net property profits this compares with mln stg pretax profits and a net mln on property sales the previous year it said the forecast was in its formal offer document sent to hillards plc shareholders today on march tesco launched a mln stg bid for hillards the offer of new tesco ordinary shares for every hillards ordinary shares valued each hillards ordinary share at p reuter 
