German retail giant Metro saw second-quarter profits fall almost 8% due to costs linked to the integration of former Wal-Mart stores into its network.
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The group posted operating profit of EUR296m (US$407m) for the three months to the end of June. Sales, however, rose 9.7% to EUR15.4bn.
Metro last year agreed to buy Wal-Mart’s German stores to boost its market share in the country’s competitive hypermarkets sector.
Metro runs almost 2,400 stores in 30 countries and almost half its turnover comes from outside of Germany.
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