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EG group profits plummet from $1.4bn to $10m following Asda forecourt sale
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EG group profits plummet from $1.4bn to $10m following Asda forecourt sale
EG Group, the petrol forecourt empire founded by billionaire brothers Mohsin and Zuber Issa, has reported a dramatic fall in pre-tax profits, plunging from $1.4 billion to just $10 million over the past year. The sharp decline follows the sale of the group’s UK convenience store network to Asda and further operational restructuring. Newly filed accounts at Companies House show operating profit also fell significantly, from $2.2 billion to $856 m…
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