Carrefour profit up 7.6 per cent

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tuesday 31 August 2010 5:03 am More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Carrefour profit up 7.6 per cent Carrefour, Europe’s top retailer, said the summer sales trend was mixed in Europe but demand was holding up in emerging markets and confirmed it expected operating profit to rise this year.Tight cost control and buoyant emerging markets lifted first-half profit by 7.6 per cent, in line with guidance given in July, the company said.Chief financial officer Pierre Bouchut told a conference call that sales trends at Carrefour were “rather satisfactory” in Europe in July but “slightly disappointing” in August while demand was sustained in emerging markets.The world’s No 2 retailer by sales behind US group Wal-Mart confirmed that it expected an underlying operating profit of around 3.1 billion euros (£2.5bn) this year, having achieved £1.096bn in the first-half.“Our transformation plan is delivering planned results and makes us confident of achieving our 2010 objectives,” Chief Executive Lars Olofsson said in a statement.Carrefour has launched a three-year overhaul plan aimed at tackling underperformance in its main western European markets and delivering 4.5 billion euros of savings.The French group, which has over 15,500 stores in 35 countries, achieved cost savings of 236m euros in the first half, nearly half the 500m targeted for the full year.The group, whose stores range from Ed hard discount stores to Carrefour hypermarkets, returned to a first-half net profit of 67 million euros after a loss of 48m in the same period in 2009. center_img whatsapp whatsapp John Dunne Show Comments ▼ Tags: NULLlast_img

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