Arab Today, arab today carrefour rings up rise in operating profit
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Carrefour rings up rise in operating profit

Arab Today, arab today

Arab Today, arab today Carrefour rings up rise in operating profit

Carrefour
Paris - AFP

International supermarket group Carrefour recorded a solid rise in operating profit in 2014, but said Thursday that net profit fell as it invested in improving the shopping centres that host its stores.
The world's number two supermarket group said operating profit from recurring business rose 6.7 percent to 2.38 billion euros ($2.63 billion) while net earnings slipped 1.5 percent to 1.24 billion.
Sales data, which had been published earlier, showed a dip of 0.3 percent to 74.7 billion euros, but when stripped of variations including exchange rates indicated growth of 3.9 percent.
Exceptional items that weighed upon the bottom line included Carrefour's contribution to the creation of a property development company that will try to boost the value of the shopping centres in which its supermarkets are located, as well as a discount retail chain in France.
Emerging markets continued to drive gains in operating profits, rising by 14.9 percent.
Conditions in Europe, which had been difficult in recent years due to the eurozone crisis, have improved with France posting a 6.1 percent in operating profits and a 9.6 percent gain for the rest of Europe.
"Carrefour turned in very fine year in 2014 that confirmed that it is on the road to recovery," said financial director Pierre-Jean Sivignon, one of two executives who has been helping chief executive Georges Plassat run the company while he recovers from surgery.
Sivignon said it was too early to make any forecasts for 2015, but that the company would continue to keep a tight leash on its finances, although a modest increase in investments was planned.
Management proposed increasing the dividend by four cents to 0.68 euros per share.
Carrefour's shares shot up 2.5 percent to 30.39 while the Paris stock exchange's CAC 40 index was up 0.39 percent overall.

 

arabstoday
arabstoday

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 rings up rise in operating profit Arab Today, arab today carrefour rings up rise in operating profit

 



Arab Today, arab today

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 rings up rise in operating profit Arab Today, arab today carrefour rings up rise in operating profit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
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