Carrefour Profits Plunge 40% To 129 Mn Euros
Sumaira FH Published July 28, 2016 | 11:41 AM
PARIS, (UrduPoint / Pakistan Point News - 28th july,2016) - French supermarket group Carrefour said Thursday its half-year net profit tumbled due to one-off items and as low fuel prices and Currency rates ate away at sales. It said net profits for the period were 129 million Euros ($143 million), down 40.8 percent and just below analysts' forecasts.
Excluding exceptional items linked to restructuring costs, profits were up slightly at 235 million euros.
Recent Stories
Pakistan marks World Press Freedom Day
High-level Saudi business delegation due on May 5
Stocks heat up as US labour market cools
President approves Tax Laws (Amendment) Bill 2024
Implementation of merit, justice to oppressed segments top priorities: CPO
Overseas Kashmir community delegation calls on AJK President, discusses latest s ..
Govt believes in freedom of press: Amir Muqam
Labour urges UK election after Tory losses
Health authorities asked for action against alleged illegal tenders at Services ..
Spain scraps national bullfighting prize sparking debate
Lahore High Court (LHC) Chief Justice Malik Shahzad Ahmad Khan visits Rawalpindi ..
ATC extends interim bail of PTI founder in 3 cases
More Stories From Business
-
CCP approves scheme of arrangement for restructuring of PIACL
9 hours ago -
High-level Saudi business delegation due on May 5
11 hours ago -
Stocks heat up as US labour market cools
11 hours ago -
Planning minister stresses need for establishing digital corridor
11 hours ago -
Burj Solar install Pakistan´s first distributed generation Wind Power project
11 hours ago -
TEVTA’s BoD decides capacity building, adoption of frugality
12 hours ago
-
US hiring slows more than expected in sign of cooler market
12 hours ago -
Stocks heat up as US labour market cools
13 hours ago -
Stocks heat up as US labour market cools
13 hours ago -
US hiring slows more than expected in sign of cooler market
13 hours ago -
PSX turns bullish, gains 1,244 points
14 hours ago -
Finance Minister for measures to enhance tax to GDP ratio
15 hours ago