TESCO FORECASTS PROFITS RISE THIS YEAR Tesco Plc <TSCO.L> said in a statement it expects pre-tax profits of 166 mln stg for the year ending February 28, 1987, before nine mln stg of net property profits. This compares with 122.9 mln stg pretax profits and a net 8.1 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 10 Tesco launched a 151.4 mln stg bid for Hillards. The offer, of 13 new Tesco ordinary shares for every 20 Hillards ordinary shares, valued each Hillards ordinary share at 305.5p.