Arab Today, arab today french distributor auchan reports sagging first half profits
Last Updated : GMT 05:53:48
Arab Today, arab today
Arab Today, arab today

French distributor Auchan reports sagging first half profits

Arab Today, arab today

Arab Today, arab today French distributor Auchan reports sagging first half profits

Auchan
Paris - AFP

French supermarket group Auchan reported Monday significantly lower first half 2015 profits due to heavy exceptional charges and continued sluggish activity in France.

Auchan said profits in the first half of 2015 dropped to 31 million euros ($34.8 million) compared to 221 million euros during the same period last year.

The company said profits for the first six months were reduced by exceptional costs of 50 million euros -- which included restructuring in Italy -- while the first half of 2014 had benefitted from one-off income of 150 million euros.

"Without these exceptional elements, our net profit would have progressed by more than three percent," noted Auchan financial director Xavier de Mezerac.

Income from continuing operations declined 53.3 percent to 157 million euros, and operating income of 326 million euros was 31.9 percent lower than during the first half last year.

By contrast, operating profit as measured by earnings before interest, tax and amortisation increased 17 percent to 376 million euros due in large part to improved margins in Asia.

Excluding gasoline, Auchan said global sales grew by 2.6 percent, fuelled by business generated through expansion.

The group's principal home market of France, however, continued to drag as lower household spending eroded Auchan's sales by 2.9 percent.

 

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 french distributor auchan reports sagging first half profits Arab Today, arab today french distributor auchan reports sagging first half profits

 



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 french distributor auchan reports sagging first half profits Arab Today, arab today french distributor auchan reports sagging first half profits

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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