BELGIUM: Colruyt sees 19% rise in full-year profits
Belgian discount retailer Colruyt has said it expects its fiscal year 2003/04 profits to rise by 19%. "Net profit is expected to come in at €160m (US$180.7m) partly helped by lower tax rates," chairman Jef Colruyt was quoted by Dow Jones as saying. The company said this summer's heat wave had helped drive sales growth of 10.5% between April and August.
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