Apr 22, 2024, 9:03 PM
Apr 22, 2024, 12:00 AM

Asda CFO committed to debt reduction as company's profits rise

Highlights
  • Asda's profits increased by 24% to nearly £1.1bn in 2023.
  • Despite the profit growth, Asda's debt pile rose to £3.8bn due to recent acquisitions.
  • The CFO vows to continue cutting debts to improve the company's financial position.

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