FRANCE: Carrefour underlines revival with H1 profit growth | Progresiv
Carrefour has reported a rise in profits for its fiscal first-half, underlining that its revival programme is working. For the half, adjusted net profit was up 17.5% to 233 million euros, while recurring operating profit was up 1.3% to 726 million euros. Sales, meanwhile, were up 2.9% on an organic basis to 37.7 billion euros. 
In Europe, sales were up 1.3% to 26.9 billion euros, while operating profit was up 0.4% to 444 million euros on constant-currency terms. In Emerging Markets, meanwhile, sales grew by 6.8% to 11 billion euros, while operating profit was up 7.3% to 346 million euros.
The group said it continued to see improvement in the French market, where all formats reported growth in organic sales. It also recorded improvements in Spain and Italy, while continuing to see strong growth in Latin America. (www.kamcity.com)
