Arab Today, arab today carrefour 2013 profit boosted by south america france
Last Updated : GMT 21:19:26
Arab Today, arab today
Arab Today, arab today

Carrefour 2013 profit boosted by South America, France

Arab Today, arab today

Arab Today, arab today Carrefour 2013 profit boosted by South America, France

Paris - AFP

Carrefour, the world's second-largest supermarket group, said Wednesday net profit rose 2.4 percent last year, helped by strong growth in South America and a recovery in its home market of France. The company said in a statement that group net profits grew to 1.26 billion euros in 2013 ($1.72 billion), up from 1.25 billion a year earlier. Recurring operating income at the French chain rose 5.3 percent to 2.24 billion euros, beating the average analysts forecast of 2.19 billion euros. Shrinking operations cut group turnover by 2.6 percent to 84.3 billion euros during the year. But organic growth, which strips out items such as foreign exchange and petrol, rose 2.5 percent over the year. Chief Financial Officer Pierre-Jean Sivignon said 2013 had been Carrefour's the best year for organic growth since 2007. The results "confirmed the growth dynamic of Carrefour," despite "difficult conditions," he said in a conference call. Growth in South America was particularly strong. Recurring operating profit in the region rose 18.6 percent over the period to 627 billion euros. In France, Carrefour's biggest market, an "action plan" to attract customers with price cuts had helped to boost organic growth "across the board," Sivignon said. Domestic sles rose 0.2 percent -- 1.3 percent organically -- to 39.72 billion euros, while operating profit jumped almost 30 percent. Commercial margins grew to 3.4 percent, up from 2.6 percent a year earlier. Net profit from continuing group operations, excluding capital gains from the renegotiation of partnership agreements in Turkey, grew to 949 million euros -- up more than six times from a year ago. Operating margins rose to 3 percent during the period, up from 2.8 percent in 2012. Carrefour said weak growth in the rest of Europe, which is still recovering from the impact of the financial crisis, continued to weigh on profits. That was despite improving conditions in the second half of the year, driven by economic recovery in Spain, said Sivignon.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today carrefour 2013 profit boosted by south america france Arab Today, arab today carrefour 2013 profit boosted by south america france

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday