Finnish retailer Kesko has posted a rise in first-half profits thanks to growth in domestic grocery sales and a drive to keep costs down.

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The company said today (18 July) that underlying group operating profit reached EUR156.6m (US$215.9m) during the first six months of the year. That compared to EUR126m a year ago.


Group turnover rose to EUR4.7bn, Kesko said, a rise of 9.6% on the year.


Kesko has retailing businesses across a number of sectors. Its food arm, Kesko Food, posted underlying operating profit of EUR70.5m, a jump of almost 20% on the year.


Sales rose almost 7% to EUR1.9bn. Kesko said that industry-wide grocery sales in Finland rose 4.5% between January and June.

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