German retail and distribution giant Metro said Monday that sales were down in the three months to December, hit by the strong euro and weak Christmas sales. Metro, which runs its business year from October to September, said that first-quarter sales declined by 3.3 percent to 18.7 billion euros ($25.6 billion). The decline was "mainly due to negative currency effects in many parts of Eastern Europe and Asia," as well as the lost revenues from the recently divested Real supermarkets in Russia, Romania and Ukraine and the Media Markt chain in China, the statement said. "All in all, our new financial year got off to a solid start in spite of the still challenging economic backdrop," sad chief executive Olaf Koch. "Soft Christmas sales prevented a better development," he added.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor