Chinese hypermarket operator Sun Art Retail Group, the local venture of French retailer Auchan, has booked a jump in first-quarter earnings.
Net profit in the three months to the end of March climbed 15.7% to CNY1.06bn (US$172.3m), as the retailer continued its expansion into lower-tier Chinese cities. Operating profit in the period was up 14.4% to CNY1.53bn.
Net sales reached CNY25.4bn, a 13% increase on last year.
Click here to view the full earnings release.
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