Tesco, the biggest grocer in Britain, announced today that it has recorded an increase of 10% in its underlying profit for the full year 2009. The company also said that the encouraging results came despite recessionary conditions in most of its markets in the past year.

The sales of Tesco, having operations in 14 countries, grew by about 7% last year. The company also revealed its expansion plans in the coming year. The company also announced a dividend growth of 9% for the full year.

Tesco reported an underlying profit of £3.4 billion in the full year ended February 27, 2010, increasing by 10.1% comparing to the previous corresponding year. The total revenue of the company grew by 6.8% and was reported to £62.54 billion for the year. Tesco said that the increased revenue was there because all parts of its business shoed growth in the last fiscal.

Tesco reported the non food sales in the UK of £9 billion and £13 billion worldwide. The company also said that its toy sales were reported up by 25% comparing to the previous corresponding period, while its clothing sales crossed the £1 billion mark for the first time in history.

However, Tesco also revealed its expansion plans for the coming year. The company said that it is planning to open 80 superstores in Britain this year. The company said that this step is a part of its strategy to reinforce its dominance of the UK market.