PARIS (AFP) – Auchan said Monday its net profit fell by a quarter last year despite rising sales as its international expansion weighed on the bottom line of the France-based supermarket group.Net profit fell by 25.2 percent to 574 million euros ($624 million).Meanwhile, sales stripped of taxes rose by 14.7 percent at constant exchange rates to 53.4 billion euros, but this was boosted by the complete integration of Sun Art Retail Group in China into the accounts as well as other expansion.On a comparable store measure at constant exchange rates, sales dipped 1.0 percent.A similar effect could be seen in …read more
Source: Dunya TV
